UnknownUnicorn1564330
Demand Line: I draw a demand line at any significant bullish candle. The demand line is created by drawing a horizontal line at the open of the bullish candle. I label it a demand line because this is the value where price opens up and begins to drive the market to a higher value, representing demand in the market. Therefore in the future this value may create a...
Journal Entry: It looks like the insiders exited their position at the top, which I did not mark. This resulted in the weakness of the trend where it began to sell off in the bearish wave. Price right now is trading directly above a major support line+trendline all this within an upward moving channel (I think the macro outlook here is bullish). The volume is...
Journal Entry: 1st impressions are huge but this is going to be rather short, I suppose a handshake. Real quick, I am expecting a pivot low to form and price to begin trading within a range. I will track the breakout once the range is confirmed. As always periods of consolidation can be predictable, trading the floor and ceiling is the first trade I would setup....
Journal Entry: I started tracking this before the pivot at the supply zone. It has been a couple days since I drew in this analysis but following along with what I have drawn I think that if price breaks the signal lines (in orange) it will continue bearish all the way to the demand zone. I expect AAL to consolidate into a short period of accumulation before...
Journal Entry: It looks like today may be a day of indecision, before I started writing this price had formed somewhat of a long legged Doji. Although Now it is starting to trade back up to the days high, if it does breakout it will be on low volume. I am publishing this to help track my Idea on the 1 hour chart which I have included below and it also has a copy...
Journal Entry: I was a little puzzled looking at this chart especially after just analyzing FB, AMZN, and GOOGL, I am feeling the repetition wear down my focus. I then realized this chart was accelerating extremely fast and that alone is irrational and everything in the stock market is only sustainable for so long, especially extremes. This is my only signal that...
Journal Entry: Not much to look at here, the volume average is dropping with the volume which is a good sign at least it can represent their is still strength in the trend. It does look like there is a probable pullback in store however I think it will still reach a new high for Q4. My optimism. I have looked at the potential support areas and there is a Demand...
Journal Entry: I think amazon is going to continue bullish. I don't have much to base this on but I did not see anything on the chart that is alarmingly bearish. The volume seems well balanced and efficiently pulling back and breaking out. the waves are fairly balanced, with only one wave that is well below the average of the rest. Based on these calculations...
Journal Entry: The first thing I noticed on this chart was the declining volume for the bullish trend. Their is less and less participation in the rally for FB. To be honest I will interject here for a moment, I have not had a Facebook account for a few years, and after just recently creating another account I can see where Facebook is going to be the next...
Journal Entry: I think the SPX is going into a small period of accumulation and will breakout to print consecutive new highs for Q4 earnings. God Bless Useful Links below: www.thestreet.com quotes.wsj.com seekingalpha.com