Trade plan for KR. Moving toward previous consolidation on the daily chart which led to a pretty big drop last time.
U has been moving strong and I think it still has more upside. I'll be grabbing small wins up to the imbalance area, then waiting for a cool-off. After that, more small wins up to the supply zone.
SBUX has an interesting opportunity if it can get about the previous week's high, which is right at the month's 50% Fibonacci level. Historically, there is a very good chance for range expansion past the previous month's high if the month's 50% will act as support.
I think UAL is ready for a move higher. Starting with the month, it's been slowly working its way back up. Getting above June's high would be a signal to look for actionable price-action entries to play toward the liquidity areas (liq. on the chart). I'll wait for the pullbacks after taking they take out the shorts and ride the move up to the next one.
QCOM has nice magnitude to the upside with a price target being Tuesday's high. A strong volume push beyond that would change my price target to the s/r flip zone above. There is downside opportunity here too, but it has a more shallow price target, with more downside potential to the lower s/r flip zone.
I see 2 bullish ways U could play out (I'm not even going into the bearish on this one). Either we move on up past the previous pivot towards the daily imbalance. Or, we drop further down to the entry zone. Either way, set your alarms right above each zone to catch the move.
Beware of the supply zone for any long plays. I want to see that turn into a support area after it passes through before taking a long-term entry to the upside.
Look at the larger timeframe, it's going sideways. This flight is not ready to take off yet and has been bouncing around at the key pivot areas charted. Seems like an easy play off the top or bottom.
NVDA is on a tear. I want to add more to my long term port, but I'm not buying it up here. Want to see a pullback down to the last weekly imbalance.
TSLA has been moving hot lately and I'm looking for a longterm entry, but I'm going to play the short side as it comes back down to a fair price.
I've seen alot of people saying they have purchased 300C contracts... I personally don't think it's there yet. I want to see a move back down to the support/resistance area (purple) and I want to see it now act as support.
Gaps are really order imbalances on a higher timeframe. Massive gap on the daily chart has been filled (which is an order imbalance on the monthly/weekly). After this strong bullish move up, I'm looking for some selling back down for a long entry, then a ride up to a strong resistance zone, which has shown some strong resistance in the past.
DIA is ranging. Want to see a small selloff down to a daily imbalance before we move back up.
Want to see the selloff back down to the imbalance area on the daily for a longer, healthier move up on tech.
SPY needs a pullback for this bullish movement to be healthy. Want to see it come back down to the indicated area for a longer, and healthier move back up.
Looking for a drop down to the support/resistance area for a healthy larger move up
Looking for more upside with CCL, but want to see a healthy selloff first.
What I'd like to see UPST do. Drop down to Supply zone then move back up.