SweetspotTrading

SweetspotTrading

I'm currently short, I just had to earlier since todays rally was too much imo. I really do hope NG made a significant top today. Would be such a good short play.

SweetspotTrading

NG now at top of longterm trendchannel touching yearly pivot after a five wave extension. Latest five wave extension lasted 21 bars - It's exactly equally this time. RSI Daily is extremely overbought but it still got room for more upside on daily/monthly. A breakout to the upside would be massive but the party would be over as quickly. I'm bearish and watching...

SweetspotTrading

This will be my plan. Found fiblevels very aligned indicating we could see a breakout in oil. Second impulse should be strong if pivot holds.

SweetspotTrading

Just a little caution though. NG could take off to the upside but I rather play short right here.

SweetspotTrading

Here's some bearish targetlevels next week.

SweetspotTrading

If Silver holds the 26 fib with good momentum start of next week there's a really good possibility this could explode.

SweetspotTrading

This is clearly at a top of something. Went quite big on in the money put options right here. Let's see.

SweetspotTrading

Once this channel breaks upward, it will break the inverted head and shoulder from yesterday. Then this will take off.

SweetspotTrading

Inverted head and shoulders, took a bounce on fib 0.5 retracement. MM's will pump this tonight.

SweetspotTrading

We all know that the banks and MM's are crooked. As said earlier, they would dump this to 25-26 area from 29-30. 34 dollar is next stop.

SweetspotTrading

It has been in this range for a couple of days now. We're closing the end of the triangleformation so it will breakout up or down today. Futures down so it's great buying opportunity and put stop below supportline.

SweetspotTrading

I have never traded bitcoin but I've noticed something worth sharing. When my BO Finder has gives a sell signal, there have been 3 extensions with a selling opportunity followed buy a big drop. There's a good possibility this will drop further to test support at 10k. Might be the dollar rallying over the weekend...

SweetspotTrading

Here you have some key fiblevels to watch. As long as it keeps doing higher lows followed by higher highs above pivot level it's bullish. The wild correction Silver had to key pivot support this week is indicating something big to come. Aswell, 25 was a major target. I will take profit before it hits 30. That's a psychological target level next week so expect big...

SweetspotTrading

Last time it broke top triangle formation it had a run to 49. This has more chance to explode now than ever. Fed will continue printing leads to weaker dollar.

SweetspotTrading

This is such a easy bullish read imo. They setup a triangle then trap the breakout traders, reverse it below triangle and the start the uptrend. Quite a few stoplosses whipe out in this move but I'm not selling any.

SweetspotTrading

Crude just corrected a 2 week move and took a big bounce a key trendline. Managed to get in at the bottom here! Remember Aug is the best month for oil. This will be nice! Cheers.

SweetspotTrading

Nice triangle formation at pivot. Looking bullish from here!

SweetspotTrading

Technicals: Looks like we're having an ending diagonal going on here. If you do a retracement fib on Tesla's extensions, you'll see that it often retrace down to fib 50 - bounce up to 70 then fall down to 20. So I think there will be a good short opportunity coming around 1620. However, I'm still extremely bullish. I believe the bearish fundamentals of the market...