I am bullish on Rivian following the significant news catalyst of Volkswagen investing up to $5 billion in the company. Despite closing the day with a bearish shooting star, the impact was minimal as we remain well above the 9 EMA and reclaimed the 200 EMA. For four consecutive days, Rivian has failed to close the gap since the news broke, indicating strong...
The ES (E-mini S&P 500 futures) remains super bullish as recent attempts by bears to push the price below the 9 EMA level on the daily chart have failed. This indicates strong underlying support and resilience among buyers. Additionally, the current pullback is characterized by decreasing volume, suggesting a lack of selling pressure and reinforcing the strength...
# This is a simple yet effective scalping strategy that aims to take advantage of buying/selling program activity on the 1 or 15 minute timeframe (May work on other timeframes). This is a momentum trade so it is important to recognize there is controlled momentum for this to work. Trade Setup: 1. First ensure the candles are controlled, indicating dominance by a...