If you wait for "Confluence" your trading results will improve.You must be flexible as the markets are only a tool.
STOP IS BELOW THE LOW ...DAY TRADE TARGET IS THERE... IF YOU ARE AGGRESSIVE .....
Liquidation day...these short term panic flushes typically get retraced...
Retest of the lows lead to a BULL Trap .....,Monster Flush..
INSIDE DAY INTO TIME.... FORMED A BEARISH REVERSAL....CAUTION AT THE BOX.... MANAGEMENT MODE
POSSIBLE SWING TRADE FORMING...FOR A LAUNCH AREAS OF INTEREST NOTED.
WE ARE HERE.....STOP IS BELOW PIVOT....BREAK EVEN NOW FOR THOSE FOR MANAGEMENT PURPOSES.
CME STRUCTURE IS MAKING HIGHER FOOTPRINTS OF PRICE..... UNTIL IT CHANGES ITS PATH ,,,,LEAN ON THE TREND.
LARGER PULLBACK FOR THE LAUNCH .....IT NEEDS TO CLEAR RESISTANCE , OR BACK DOWN TO SUPPORT.
POSSIBLE 3 DRIVE PATTERN FORMING ...A HIGHER LOW AND A BREAK OF THE SWING HIGH WILL CONFIRM A LARGER MOVE.
LEAN ON MARKET STRUCTURE AND AREAS WHERE THERE WERE KNOWN BUYERS BEFORE TO FRAME YOUR TRADE.
SPY SETUP.... WAITING FOR CONFIRMATION......HAS STRUCTURE CHANGED? "HAS BUY THE DIP MENTALITY SHIFTED"?
FRAMING TESLA'S PRICE ACTION.......ENERGY IS BUILDING IN THIS RANGE. WAIT FOR YOUR TRADE....
DONT CHASE PRICE BLINDLY...."Frame the trade and make sure you are going with the flow."
Price action confirms your view....manage the risk ....that is the only thing we can control.
Don't chase price blindly...."Frame the trade and make sure you are going with the flow."
Gpro will show its hand very soon. A possible rally up to the gap will set the stage for what is to come next.