3309 Drysdale Ct
Edwardsville, IL 62025
you know TSLA fans gotta be open to the possibility of it going
below 300 maybe to the 50% fib area before this wave c is over.
otherwise what would allow for a shallower correction where wave
c doesn't take out the low of wave is either a double bottom or a
triangle consolidation where you have abcde pattern that takes a
lot more time to unfold, wave c forms a higher low then rallies in
d which forms a lower low, then down in e with another higher low
above the low of d - basically will take time.
TSLA needed consolidation after that blow off top. You
either work all that off with a large enough price pullback, or
through enough time consolidation
exactly the chart of the dollar screamed bullish before this
move, it was clearly putting in a bottom
yep to me HYG was a bearish sign on the market, it continued to
weak while the market put in that bounce
sure looks like TSLA is in the c wave now. And honestly
that's what we expected after the symmetry break on the sell off in
early Sept that gave high odds at price forming a lower high.
also the KISS chart, after losing its DVT in early Sept it never
went back on a buy signal, price stalled at the ATR indicator and
you even got a bearish DVT price
updated view on that Tick, you can see price did not hold that
3271 area, my observation is that whenever you lose or break those
price levels you tend to get a strong move. Even from this
last one got a quick 15 point move down. The one in the morning
that was lost obviously gave a big price move down
Wow - what a move on POLA from watchlist
RFP - Chart Link-
yeah that's a gorgeous textbook example of previous support
$SPX - Chart Link- failed to get over key
resistance earlier today and approaching yesterday's low
speaking of tick extreme's here's the updated charts, you can
see price has been respecting those levels, basically stalled at
the one yesterday and after losing the one this morning that
allowed for the market to dump hard.
now there's a support one below at 3271 ish area to watch if
acts as a support
POLA - Chart Link- nice pop here
Market quite heavy so make sure you adhere to your plan and TAKE
PROFITS into spikes
GOCO - Chart Link
looking over some on the daily KISS where you have those abc
buys show up and using a 120 min chart as a filter where when you
get an abc buy on the daily KISS you also want to see price on the
120 min be above the ATR and 60 Stochastic to be crossing above
50%. When I look at most examples in the past the two confirm well
with each other, a couple times the 120 min kept you out of a
whipsaw which is great, and once where it had you wait an extra day
where you bought a bit higher.
clearly yesterday on that QQQ chart this filter would have said
no go on the QQQ daily because on the 120 min price 60 Stochastic
was no where close to going above 50% and price stalled below the
I have to investigate further but going forward I may use this
combo. Like I told you guys, this stuff is not static, it's
never done, always improving and adding tweaks and filters as I
learn more over time.
also I may do a video sometime on this so I can show examples.
Otherwise here's a visual example
ATEC - Chart Link-
$SPX - Chart Link- 5 min updated view, had an
objective short on that last bounce into the underside of the
SPI - today's runner
Took remainder of hedge off around 3275
remember that 120 min system I messed with last year. I
like that time frame for trend that is not too whippy.
here's a couple clean 120 min charts. Notice the rally stalled
right at the ATR indicator yesterday. monitor the ribbons,
the Squeeze which stalled under zero.
the other thing I monitor as you know is the 60 Stochastic,
needs to get over 50% level and confirm, and ATR
I don't think so, maybe an older version did, I'll pull up some
workspaces and look closer at it and let you know. Remember I
modified and changed some settings back in March so I may or may
not be using the old bail stop out.
CPER - Chart Link- short idea from Monday as a
way to play that wedge on the metal
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