Along with the new variant and factor inflation in. This is a good buy on the pullback to support.
Watch the price action at key levels. We are coming up to a trendline level and support level. That big candle is scary though.....looking for a pullback for a long.
The market goes up consistently but given the fact of the new variant it may continue downward. Watch price action at these levels for direction. The 3 Day chart which is not visible in this example shows strong price action to the downside.
look for a pullback to the lower level. The wicks are very good signals to the downside at this level.
We have broken the trendline down and price is pushing up now.
Price keeps breaking highs in a massive downtrend. The time is now to buy. Not to mention Walmart is now competing against amazon with their added feature of walmart plus for fast delivery and shipping and discounts and walmart food delivery is massively cheaper than whole foods by amazon.
This chart doesn't do it justice because it will not allow me to post my lower timeframe strategy. All I can saybis my trend following system is very accurate and bounces off heiken smoother indicators I have set up are above 80% accurate with specific movement allowed. Trend following.
Price follows a consistent selloff with my strategy bouncing off custom ha smoothed lines and using 3 line break.
Could possibly see a massive drop like we did in the past multiple times.
I use an oversold system with candles that is accurate with a higher stop loss than normal....look for a big sell off.
my system I came up with uses an oversold strategy to combat big money with a higher stop loss than normal but the sell off is statistically and highly probable to sell off.
Hardcore big sellers that got what they needed. look for a huge move up.
If it moves up look for a pullback to break even. A specific strategy I use will show a range to the short side or a straight move to the down side. If prices doesn't move in our favor, a breakeven is likely also.
2 options. wait for the momentum and strength
pattern developing on a smooth downtrend against pinbars. If we get a strong move to the downside off the moving averages we may see a record drop!!!!! STAY UP!
Downtrend off the 9 and 20 exp moving averages. We want to see a small to medium bounce down with a candle or two and she will drop like a rock.
the trend continues once momentum is being lost on pullbacks