persistent_edge

persistent_edge

Clear momentum and failed rejection, now rotation to make a new high. Trade to fill the range, may go for second leg.

persistent_edge Updated 

Most indices have sold off hard this week. There may be some pull back now as shorts look to exit their position. If the big players limit the supply the shorts will chase price up to close out. If we break down quickly from here we know size players are unwinding some very big longer term positions. This is possible, so manage within 3-4 bars, expect follow...

persistent_edge Updated 

USD is in a down trend under momentum, it's a simple pullback trade which has probability to at least reach the low of the current range and may reach previous swing lows. If price rejects from this level we know there is no supply and we will rotate up so at the point you want to be out of the trade.

persistent_edge Updated 

Consolidation failed to breakdown, there's no supply so it's likely the market will rotate to the top of the range. If supply does come in now and the market moves lower and breaks down, you must be out of the trade.

persistent_edge Updated 

This consolidation has had multiple failed attempts to break out to the upside, but also now failed on the downside, again. Until there's a meaningful break to the downside the trend is still up. ATH is nearby which can act like a magnet. Also, news is very bearish, which can mean small players are swayed into going short which just creates order flow for size...

persistent_edge Updated 

Here we go again...! This market failed at the bottom of the range now we rotate higher again. Same setup different day. Now we see if there is enough to get the breakout, or will the market fail to reach the high again and rotate bearish again. We don't know, but will find out in due course. Make sure you have your seat on the train well before time and don't...

persistent_edge Updated 

Expecting a short squeeze to the top of the range. Size selling will break to the downside. If size selling is not there, then the top of the range will be reached and may give an extension.

persistent_edge Updated 

Supply is repeatedly shut off, looks like the objective of size is to take the market past the daily swing high. The market has compressed and will likely see some volatility as shorts are squeezed out. Size selling will break support levels and be a signal something has changed. As long as size has enough order flow to sell inventory into they will take the market higher.

persistent_edge Updated 

The recent move down should be viewed in the context of the overall uptrend in the market. Once there is support confirmed this is a range and the expectation is an attempt to drive the market back to the highs catching out anyone who recently got short. This would create bids as shorts look for an exit, and create order flow to push the market even higher. If...

persistent_edge Updated 

Long setup on BTC 15m timeframe. This is a short term setup within the small range which may reach the high of the larger range. Bitcoin generally look for only long setups for now.

persistent_edge

Looking for follow-through setups on the breakout from this range. Target areas are around $35K. May grind up to it or happen in a flash and then pull back. Either way 40K will be a place to expect supply to come in if Bitcoin does keep on this run.

persistent_edge Updated 

Triggered short on DAX to the bottom of the range.

persistent_edge Updated 

Gold has sold off from the top where supply came into the market, now supply has shut off and we are rotating up to the top of the smaller range again. If the range breaks to the bottom you must be out of the trade. Is possible to hold for extension to ATH which may be hit but expect some volatility.

persistent_edge Updated 

Another long entry. 1h is in an uptrend and has pulled back. Larger range is still there and the highs haven't broken. You expect a pullback as we come into areas of previous supply but until that pullback becomes a trend change, you can go with the trend into the top of the range. There is also potential for a larger second leg to play out on the HTF. Stops...

persistent_edge Updated 

Hedged against S&P short but long setup valid in its own right on NQ. Daily TF.

persistent_edge Updated 

Recent heavy selling shows no sign of stopping yet. We have a range here that is probable to fill to the downside under the momentum to at least test the recent low. The market didn't spend much time down there which is what created the low, but also it's failed to go higher, so now we have to go lower. You do not wan't to be long this market.

persistent_edge

This would be a good place to get short on BTC as the flag breaks down showing supply has come into the market. There's now a high chance the range will fill down to at least 18000 and then price action will show the balance of supply and demand in the market as to what happens next. If it does snap back from the low of the flag and break higher, that will show...

persistent_edge

This market has spent a long time building supply, which appears in a chart as a weekly bear flag. The market could not break the highs as there was supply there and now we have size sellers coming in to close out the position. We will likely se selling right down to the bottom of the range. Look for smaller bear flags to enter short. If we have enough size...