whiteknightmoving

whiteknightmoving

I'm keeping my puts! Price is just "hanging" in congestion area. I've redrawn the black channel lines trying to capture the price movement shown. this may be the trail down to the targeted area below. If the price releases one more time , it could go down to the Shark Pattern point D target. This would be a deep retracement for wave B of C of wave 2. We are due...

whiteknightmoving

Looking for a Shark Pattern to complete this pullback to wave B in Green. Then once we get into the buy zone, we can get bullish again and look to go up to 275-278 zone :)

whiteknightmoving

Careful! I'm keeping my puts from yesterday. Might be more downside than calculated. Yesterday we were looking for a pullback into 263 zone, but it might be a deeper shark pattern. Today it is just "hanging" above yesterdays target. It might continue to consolidate more and then suddenly drop to low levels shown by the shark pattern, completing wave B. If this...

whiteknightmoving

Nice work everybody! TSLA is in the sell zone now! Remember to watch the all time highs! If we see TSLA break above that, then the trade is cancelled. We should begin a long 5 wave move down for the next few years. Lets see if we get the 1st target below at 298 :)

whiteknightmoving

Still patiently waiting for TSLA to get into the sell zone. It's trapped in a sideways consolidation pattern now... but when it finishes, it should have 1 more move up into the sell zone. If this works out, I'm looking at the long term target (next 2 years down to 188 or lower). Short term bear target can be better assessed when when get some motive waves down...

whiteknightmoving

Nice pop today, for a small B wave. yet on a 5 min chart noticed weak rsi at the sell zone. Now we are gonna head a bit lower to the c wave and finish this ABC consolidation. This Should finish at the larger point B shown in green the buy zone area. I'll sell today's puts and rebuy calls for the larger C wave in green. Probably around 275 zone. but window is...

whiteknightmoving

Today we got the pullback into the buy zone and I flipped (sold) the puts for a profit. Then at the same time I bought calls. At this point SPY may be making a new small Gartley Pattern shown in red. If this happens, I'll buy another batch of calls. I'm still looking at the bigger bullish trade up to the 274.50 sell zone area this week. As the old TV game show...

whiteknightmoving

Just a bit lower on our price target adjusted from yesterday. Although yesterday we were looking for a gap down retracement. We got a "gap and crap" up at the open. This makes a small a wave up. However the price is selling back down into our buy zone nicely. This should be marked as a small wave b. A bit lower and we can go and buy in the green zone shown and go...

whiteknightmoving

Although it was scary at the buy line. It has tracked the Blue Bat Pattern nicely. Looks like the reversal Today is also tracking the time sequence of turns on the daily chart. Enjoy!

whiteknightmoving Updated 

Just thinking what would be a great way to shake the last few traders lose on their shares? , How about a gap lower right out of the gate tomorrow morning? Then the market immediately gets bought strong! Here is the revised count from this morning's post. It hit our downside target buy zone and bounced up to the sell zone. I think we'll see the fast pullback...

whiteknightmoving

We've know about the sell signals since 2017. Banks had multiple chances to sell at the upper channel lines from long term trends of 45 years! Now we see the cracks emerging. If this wave count is correct, we might start wave 3 of 3 soon!

whiteknightmoving

TSLA short update from 12/7/2018 post. TSLA had a nice bounce today after a hard sell off Dec 7. The zoomed in hourly view shows a possible Cypher pattern. Tomorrow we may see the point D target. I am shorting (buying puts) based on reasons given in prior post.

whiteknightmoving

After this mornings post about hitting the buy zone and calling the false breakdown, we bought calls and turned up and made a nice reversal today. Later I sold the calls and bought puts at the first sell zone, as that was a small bat pattern that completed. Now waiting for a possible gap crap open to get lower into the buy zone again. Maybe first thing in the...

whiteknightmoving

Here's an update on the NIFTY. It looks like it is following the blue Bat Pattern. Let's see how the elections turn out. Looking for a high on Dec 14th. Lets see if the turn dates posted here work or not.

whiteknightmoving

Looking at how the SPY broke down below "support" posted before. Rats! , oh well stand back, reassess the situation and looky here, there is strong RSI divergence. I'm thinking that this is a false breakdown to trigger stop losses. We'll then see a reverse up to the larger Cypher pattern shown. Since support was broken from last post, we can see the 1.27 extension...

whiteknightmoving

Looks like the target zone last posted on 12/06/2018 worked nicely! Good work everyone! Sold our puts, and then flipped and bought calls all in the green buy zone. Now we're targeting the purple Cypher pattern D point to sell. Price may bounce higher to the blue or green shark patterns at the higher levels, but we'll have to watch the rsi and look for divergence....

whiteknightmoving

Target buy zone hit nicely on 12/07/2018. Good work everybody! I sold the puts for a nice profit and Then I flipped and bought calls. I'm looking for a short term bounce up. I'm looking at the Cypher pattern completion up at the sell zone. It is the lowest price of the 3 possible patterns at this point. Cypher, Shark, and Deep Shark, shown by the purple, blue and...

whiteknightmoving

TSLA has met the top of a possible Shark Pattern completion and then reversed very nicely. Leaving us traders with a nice Dark cloud candlestick pattern. This could have been the last attempt at the all time highs, failing yet again! This fits the OFP strategy that predicted the long term sideways, go nowhere, direction until TSLA hits the green BUY LINE. However...