ufsurf7

ufsurf7

Continuation down until proven otherwise. Sparklet has retraced to its previous high and failed to break through resistance. Price will search for a new support level, and try to break this most recent retest.

ufsurf7

Sparklet had a quick pump within minutes of listing, and has been on a downtrend ever since. I will trade as if it is in a downtrend until proven otherwise. Here are some obvious/important price levels of S/R.

ufsurf7

The S&P is opening lower each day, but just barely closing above the previous open. Checking tomorrow morning for an entry.

ufsurf7

Support and resistance entries and exits to structure a trade

ufsurf7

XOM has been making higher highs and higher lows. Looking good for a continuation up.

ufsurf7 Updated 

~39-46 moderate support levels. Id expect strong support at the Gap down at $33. Look for entry positions at these retest levels. Exit a portion of your position (30%) at around $68. Hold the remaining 70% for higher levels of resistance. Set your stop loss safely below $33 to maintain your position if the idea is invalidated. If the idea is valid and $33-46...

ufsurf7 Updated 

Enter at retest

ufsurf7 Updated 

Just look at it. Its going to the moon.

ufsurf7 Updated 

For my autistic friend who wants to go short in a higher low and higher high trend.

ufsurf7

Retest proves of previous resistance confirms new support. PT #1 at ~$30.50

ufsurf7

PT #1 at 1.618 PT #2 at 2.618

ufsurf7

We are retesting resistance in the premarket. Look for an entry at retest of support below. Its easy to FOMO in now, but enter with a plan and have an exit plan ready as well.

ufsurf7

Lets begin to identify important support and resistance levels.

ufsurf7

Tight stop loss - only risk 1% of account

ufsurf7 Updated 

Just look at it.

ufsurf7 Updated 

Experimenting with Elliot Waves

ufsurf7

Two different entries.

ufsurf7

Wait for retest at 2.618. Tight stop loss.