SweetspotTrading

SweetspotTrading

- Could be a flat, ABC down, ABC up, Impulsive decline and wave C. - Could be a falling wedge Zig Zag 5:3:5 (ABC) Bullish scenario: if we have strong movement start of next week and trendchannel it could be a bullish breakout once 4 hr MACD closes. Bearish scenario: Could a ABCDE if price rejects around 1550 or 1620 (which is shortterm pricetarget) it will be...

SweetspotTrading

Ever wondered why NG is acting so strange compared to rest of the market? Well, here's the proof that buying NG have pretty much the same outcome as taking a short position against the index.

SweetspotTrading

Once MACD closes will break triangle formation, will be a nice run I believe!

SweetspotTrading Updated 

Got request to do another update on NG. So here we have it. I'm actually out of this trade since I've gotten one to many confirmations that this is an ending diagonal. Each wave has been subdivided into a ABC/zig-zag pattern and it's quite hard to find bottom/tops in these formations. I have done other charts and I keep having the same predications all leading to...

SweetspotTrading

Bullish scenario: if we have strong movement start of next week and trendchannel holds it could be a bullish breakout. Bearish scenario: Could a ABCDE if price rejects around 1550 or 1620 (which is shortterm pricetarget) it will be a good short entry point.

SweetspotTrading Updated 

I thought I did another one, just to confirm my previous chart. It looks pretty much the same. I've done some studies of Cathie Wood sentiments/principles and I share my mind with her in general being extremely bullish on Tesla and the future of AI/Technology/Fintech/Energy. I think Tesla will reach 7400 longterm. The only concern I have is that everything becomes...

SweetspotTrading

Looking bullish shortterm target is 1620.

SweetspotTrading

Pretty sure there will be a big reverse to test previous resistance trendline, if it becomes support it would be a good long entry from there. The MM's always create a M-shaped top after a rally then reverse it the length of the fifth wave.

SweetspotTrading

Good long entry here.

SweetspotTrading

Last time we saw news that oil would turn negative, that was when brent turned from 32 to 42 within a couple of days. I'm more bullish on crude right now. Go long!

SweetspotTrading

I've done some extensive fib/pattern checks for a couple of hours now. I just had to figure this one out since the reward could be massiv if right. After all, I'm very confident the outcome will be very close to this.

SweetspotTrading

Good news will trigger nice reverse: www.barrons.com

SweetspotTrading

Buyers are clearly showing. Could be a big day if we breakout of trendchannel. I think this could really take of amid the trade war with China as US want to increase Oil/NG prices while China want to increase carbon emission.

SweetspotTrading

Five waves completed. RSI maxed out. You can't get much better short position here from a technical perspective.

SweetspotTrading

Will Tesla keep doing this pattern or is it time to cool off? I still think there's room for more upside if fib 0.5 bounces in AH.

SweetspotTrading

This is still a 5:3:5 Zig zag as predicted but Im actually long right now. If we break 1740 with conviction I think It's good possibility we could reach 1950.

SweetspotTrading

This is my swingplan for Tesla. I'm still extremely bullish on Tesla longterm but I think there could be some bigtime shorting interest after earnings. Let's see how it plays out. You never know anything really with Tesla.

SweetspotTrading

Took a long position at fridays pullback. Oil has a tendency to sell off big before contract expiration. This clearly looking like an ending diagonal formation. I plan to swing it something like this, looking to reenter long once correction is done. I think we can expect some big gains starting next upward impulse at the end of month. I'm still very bullish but...