mrfalvo

mrfalvo

From my experience this is a very common formation that Bitcoin does. Sweeping the low of the move that brought it to the high and not closing below. Along with the wicks that indicate that it's being bought up, the accumulation thats forming and also the equal highs at the local high right under a daily resistance zone, I would bet that we are going to pop from here...

mrfalvo Updated 

Let see how this plays out

mrfalvo

looks like a stock with a healthy uptrend. Dont know anything about the company but the pull back looks textbook with an impulsive move up followed by descending compression into support. Think that the probabilities are good that we rebound from this zone. (This specific level is nice because it has a lot of confluence with it being below many swing lows--> AKA...

mrfalvo

lets see.. All time highs looks sweet with all the even highs

mrfalvo

would love to see this happen

mrfalvo

Corrective price action entering the distribution zone that was inside a major resistance area. I want to see them sweep the upside liquidity first and after that reject hard back down to the untested daily trend start zone.

mrfalvo

I believe a big move is coming for USDCAD, I'd like to see what it does if it reaches the 1.33458 - red box range.. I like it as a target with all the liquidity around that range. I believe whether USDCAD wants to go higher or lower in the longterm there is a decent likelyhood that it sweeps the liquidity at 1.30180 first. Also: Monthly "potential" distribution,...

mrfalvo

Would be funny if this would play out exactly the same way 1930 depression played out..

mrfalvo

Looking like a good short scalp to take in the current sport for ES considering the daily move to the high was lost with the sharp move down two Fridays ago. I believe the daily level at 2756 is a realistic target but even if this is not hit the first local target at 2817 is a fine spot considering the risk reward is on point.

mrfalvo

Taking a short here with stop loss as shown. My plan is to take 60% of my position off within my risk reward scenario and leave the rest to run out in the scenario my macro scenario plays out. -->

mrfalvo Updated 

My thoughts on ES have not changed from the monthly close at the end of December. I am still bearish and not surprised by the price action as of yet. A suckers rally was expected with the massive red month we experienced in December as a good way to not scare people away and instead draw more liquidity into the market. The first major resistance zone I had marked...

mrfalvo

GBPAUD looks like its priming for a dump towards the untested levels around 1.4905-1.53455 by the extremely corrective price action for last 2+ years. I'd expect some short term support to be found at the 1.63965 area before continuation downwards. I'll be looking for shorts on this one when we start losing some important levels.

mrfalvo

When this baby pops this is where I will be shorting (stop loss at ATH) and the major levels I'll be watching. Lets see how this ends up in a couple years :)

mrfalvo Updated 

Lets see what happens

mrfalvo

Important local ES level above creating a potential scalp with easy stop loss. Will like to see how this plays out, will likely take this trade..

mrfalvo

GWPH looks like it could have a at least a nice retracement at a worst case scneario and a juicy trade at a better scneario if the S&P does have a bit of a crash. I will be shorting this at current price and taking profit at green, I would like to re add at my elliot wave idea, lets see how this one ends up :)

mrfalvo

After the monthly being lost i expect continuation down. This trade can turn into being the play of the year with targets as low as 48. I will be shorting this and keeping an eye on it for sure.

mrfalvo

Beautiful short scalp opportunity with levels lining up nicely. Monthly level plus important daily node.