TheSnowballEffect

TheSnowballEffect

Taking a trade when it reaches the POC (where there was the most volume). TP et the low of the last big low. Invalidation if it takes out the last high. A potential 5.0 Risk to Reward setup I think this is a big re-distribution and we are continuing to the downtrend Here is a closer view at the entry potential: We can see that I call it a fake bounce because...

TheSnowballEffect

In the next 4 years to come, if volatility picks up dramatically, I see the momentum of the market doing like this. Price has been going up too quickly since the pandemic rally, I would want to see a major manipulation for a re-accumulation at the lower levels before investing all my money. This is the 2Day chart of the overall performance of the Canadian stock...

TheSnowballEffect

In the next 4 years to come, if volatility picks up dramatically, I see the momentum of the market doing like this. Price has been going up too quickly since the pandemic rally, I would want to see a major manipulation for a re-accumulation at the lower levels before investing all my money. This is the 2Day chart of the overall performance of the Canadian stock...

TheSnowballEffect Updated 

I am expecting a consolidation here, hugging the top of the trendline, then taking out the top for liquidity, then rejecting downwards, beginning it's new downtrend. If price wants to go down from a higher timeframe perspective, we should see this setup forming (shown in pink arrows) for a continuation trade downwards. Here is the view of the bigger perspective...

TheSnowballEffect Updated 

Situation Price has been going up for a bit, but has also been slowing down near the last top formed on the 12th of August. Trade idea I want to trade the correction to the downside if it happens. Keep in mind that we are still in a uptrend so if we see some wick rejections to the upside, it would be likely for price to break the level and continue up....

TheSnowballEffect

Price action and patterns Price has been creating higher lows and lower highs, effectively creating a big pennant (a symmetric triangle). Accumulation or Distribution? Symmetric triangles can be a re-accumulations, or they can be distributions. Seeing the fact that we have already been rallying for a long time and that price is overextended to the upside...

TheSnowballEffect Updated 

there are 17 red candles in a row on the heikin ashi daily chart!!! It is overdue for a reversal and now is a good time to get in at a good price. RSI is stagnating from going lower. We have price reaching the last level of major upward thrust, so there should be a bounce incoming from long liquidity sitting at that area and creating a wall upwards. That is the...

TheSnowballEffect Updated 

It has been risk ON lately. So JPY has been very weak because there was no need for people to put money into this safe currency, but it looks like it is now nearing the end of it's trend. I expect big institutions to start removing their risk as more uncertainty enters into play. No FOMO Everyone is trying to short right now, so I expect a second...

TheSnowballEffect

This is a tricky one. Big question: Is it retesting the channel that was broken OR it was manipulating the top to grab liquidity to the downside??? If it's the former, it will continue it's longer term trend to the upside. If it's the latter, it will continue it's recent rangy behaviour. My take Due to the consolidation being after a strong rally,...

TheSnowballEffect

Thesis Price might break support right below or just go up because of high volatility. Trend On the daily price is overall to the downside, and just rejected to the downside. Question of the week Is the created support zone just to trap longs to grab their stop-loss or is it an accumulation buildup due to high volatility? My take In my opinion it's a...

TheSnowballEffect Updated 

Patterns We can see that there was 5 drops of about the same length (1%). They also are occurring quicker in succession. These drops are forming a tightening pennant that will be broken either way. Hypothesis My theory is that another 1% move to the downside will form before bouncing to the upside because price will be reaching the level where it last...

TheSnowballEffect Updated 

Trend Price looks like it has been accumulating slowly from the trend going down. It could still be accumulating for longer because we just had a nice rejection to the downside. Trade opportunities I have marked a trade example with an entry that is very early, from the break of the steepest trendline on the hourly chart. Before entering long, I would like to...

TheSnowballEffect

I don't trade Gold, but I stumbled on the chart and saw clear patterns. Here we have imbalance above and below with POC levels for price to reject from. Structure We just saw a very aggressive rejection upwards from the higher timeframe, then we have been moving slowly to the upside, creating a lower trendline. I expect the trendline to be broken as the start...

TheSnowballEffect

Last week On Friday last week we had a big rebound off of support. This week So until we see an invalidation of the uptrend, I will watch for a short entry. Structure Price looking to fill the imbalance above trendline Possible setup An overextension to the upside, breaking the trendline to reach the top POC level before reversing back down aggressively;...

TheSnowballEffect Updated 

Patterns It looks like we formed a pennent on the 15min timeframe and that price is looking to break to the upside. Trend The V shaped reversale was very clear, so the trend is still to the upside for now. It is also above the 200 daily EMA Risk managment If price does not want to break resistance, then the trade would not trigger. Placing my...

TheSnowballEffect

This is how I see it forming. We are overextended to the downside so I am looking for an accumulation at the bottom of the range. When the market makers will end accumulating, it will likely shoot up like a spring to go reach the top of the channel. The best price action too look for on a smaller timeframe is a slow accumulation down with a clear down trending...

TheSnowballEffect

here we accumulated below the previous low and created a beautiful spring to the upside. I missed it because I don't look at this pair that much. But here is a 3. 8RR trade example and it could go even higher I would think.

TheSnowballEffect Updated 

Simple idea ^^ 1H chart We are in a range since may and we are looking for price to bounce off the lower level to capitalize on another leg upwards. The downtrending trendline (in green) is likely to get a little manipulation where it would break the trendline then bounce back up quickly; because it has already been tested 5 times. If this would to happen, it...