Warren Buffett sold half of his AAPL share in this zone This possible tricker correction Elliot wave also show that we are on 4 wave phase Options chain data show that every drop of AAPL benefit to investment bank who write the options So I short sell AAPL this area hope this good
Clear up trend in 1D time frame Refer to Elliot wave theory correction seem already finish Python backtest resistance become support trade set up RR=1 when set SL at 1% is 73% RR=4 when set SL at 1% is 54% Win or loss is find because This is very good trade in my opinion
TSLA have bad news about Robo taxi this is catalyst for this short sell If you check RRG chart you can see that TSLA is one of the most weakest stock compare with S&P500 benchmark momentum in period of 1 year also I use Python to backtest this bearish candlestick pattern I found that by setting stop loss 5% and TP 10% this candlestick pattern have win rate...
About last week BOJ announce about JPY intervention also you can show very strong rejection from 6J Japanese index future from 0.0063 This can be considered as trading edge as you can go with Bank of Japan money Now check Elliot wave price is move down in impulse wave structure after that corrected in ABC flat pattern after that price break down out of...
Wycoff logic accumulation phase is explain about big player buy back coin back from retail player who loss their hope and sell coin back to big player which take vey long time we can check estimated price of bid player in accumulate phase using volume profile indicator Now I think price is already pass accumulation phase to fist step of "mark up phase"...
CME 6J Japanese Yen index is down very significantly for long time Bank of Japan tell public to day that BOJ already do intervention to protect JPY not to make it drop more than this Now based on VSA trading analysis there are 1H candle stick show extremely high volume with small candle body this can be interpreted that some big player absorbed the selling...
If you check 1D time frame you can see Gap down that show strong selling pressure On 1H show bear flag show impulse down wave hope this trade set up is good this time
This trade set up call SNRC that use previous resistance as support when price break above and comeback to retest I backtesting this trade set up with Python using 720 day price history data so you can see the optimization heat map this is 58% win rate with 2RR trade set up
only indicator in this trade set up is volume please check 6J weekly volume this is the highest volume since 2013! and that is meaningful in technical analysis confluent with fundamental news that Japan government try to protect JPY currency also you can backtest on weekly chart that every time bullish engulfing happen with volume this set up work almost...
Elliot wave theory confluent with war situation in middle east wave 4 Zigzag deep correction seem to finish in pivot point (previous high) I long, aim WTI crude oil will go back at least 85 I going to partial close if price is reach 85 I also back-test using trend line and pivot point I found that using 3.5% SL is work well to protect whipsaw in trading I...
this pivot is considered as very strong demand zone due to war situation So I long 2 contract of CL set different TP this is very good area to make short term scalping trade
Elliot wave some gap that might be "runway gap" and "exhaustion gap" But there are momentum divergence shown so it more likely to be "exhaustion gap" for sentiment analysis CEO of this company is selling all the way with 0 buying activity for 12 months straight I have little worry about about upthrust that can touch SL so I have to set SL quite far also...
Extremely high volume bearish engulfing candlestick is meaningful I tell you that big player is sell big lot from Elliot wave theory this might begin 4wave correction also if you check insider trading tracking you will see that insider sold almost all of their stock share insider now own only 4% of NVDA so this is good place to short with at least 2RR
Bitcoin 1D chart is clearly on correction phase wave C might deep and kick many retail out in my view we are on wave C of this Flat correction I bet counter trend using data from Coinglass that retail trader already get liquidated small RR trade but in my opinion this is high probability because big player always accumulate some BTC after clear retail out...
Inside market sentiment : check out insider tracking of big tech company . there are almost 0 buying activity all of them is sell their share including big smart money like Warren Buffett Charting : Momentum indicators such as MACD ROC is show bearish divergence Market Breadth indicators such as Mcclellan show divergence that mean amount of stock price begin...
I don't think wave 5 is begin compare last correction to this correction on wave 2 take 300 days But this correction on 4th wave will take just 50-60 day ?????? to finish ???? maybe I am wrong maybe we are in 3rd wave and 4th wave not even start But I place my bet that we are on b leg of 4th wave correction if I am correct wave c can go down to 45,000...
Price moving up but if you check daily time frame you can see that every time red candlestick show up volume is significantly higher than green candlestick meaning selling pressure is already come in market for awhile market breadth show bearish divergence that mean many stock in S&P500 is going down but the reason ES index moving up is big cap stock is...