NINE - Chart Link nice! that short playing
out. for now found support at the 9 EMA, but I think this time
around it may ultimately lose the 9 EMA, then go to the 20 MA, but
logical for it to have a small bounce off it for now
NINE - Chart Link- again should this close
below the 9 EMA, the 20 MA is almost certain to be the next area
-by the way you could place a buy limit near the 20 MA and get a
bounce trade intra day whenever it finally gets to that MA, should
bounce off it
if price closes strongly through the 20 day MA, then more than
likely NINE will eventually test its 50 day MA over time, which to
me would be an idea place to start scaling in again for a swing
long. This move down is 1 wave, likely need an ABC 3 wave
consolidation before the correction is over, so wave A down, then a
wave B lower high bounce, then C wave - will take some time to
unfold, maybe 2 / 3 weeks
Posted by rollerblader on 21st of Nov 2022 at 10:53 am
I've been short this puppy from the low $10.00's for a few weeks
and just closed my position at $7.65. I placed a few more short
orders this morning hoping I'd get a bounce and get filled but no
luck. Nine just tanked straight down. If I may say one thing about
BBT is that in the last 10 years since I've been a member the most
important thing I've learned is to follow the charts. It's
definitely saved my A$$ a few times. Thank you Matt and Steve for
all the knowledge and time you put into this site.
sounds like you took some heat on your short a bit before it
finally worked. fortunately I avoided that by shorting last
Thursday and added on Friday. Last week in Wed newsletter I
commented that I was looking for one more slight pop, which we got
on Thursday, that last high I figured was it.
on these parabolic moves you gotta be careful being too early on
a short. The doj candles early last week were a warning that
it was getting close, and that final day pop on Thursday put in
some CCI divergence. There was no doji there but a 60 min and 2hr
chart had nice MACD div, which is my requirement for a trigger
here's the 2hr view, you had a textbook MACD KISS/Stoch OB
setup
for daily short setups I want to see a MACD div on a 60 min or
2hr time frame, and of course if I get one of those Stoch MACD
setups on top, that's golden
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NINE short follow up
Posted by matt on 21st of Nov 2022 at 09:33 am
NINE - Chart Link nice! that short playing out. for now found support at the 9 EMA, but I think this time around it may ultimately lose the 9 EMA, then go to the 20 MA, but logical for it to have a small bounce off it for now
Update: NINE short follow up
Posted by matt on 21st of Nov 2022 at 10:08 am
NINE - Chart Link- again should this close below the 9 EMA, the 20 MA is almost certain to be the next area -by the way you could place a buy limit near the 20 MA and get a bounce trade intra day whenever it finally gets to that MA, should bounce off it
Update: Update: NINE short follow up
Posted by matt on 21st of Nov 2022 at 10:49 am
NINE - Chart Link- BOOM!!! covered my short
I may consider a long in hear near the 20 MA for a bounce
Update: Update: Update: NINE short follow up
Posted by matt on 21st of Nov 2022 at 12:38 pm
NINE - Chart Link- nice rally near that 20 MA as expected. made money on short from last week and long this morning
Update: Update: Update: Update: NINE short follow up
Posted by matt on 21st of Nov 2022 at 12:42 pm
NINE - Chart Link here's the URL to that 2hr chart, again I would expect a lower high B wave bounce ultimately on this
Awesome Matt congrats!
Posted by morton7 on 21st of Nov 2022 at 02:31 pm
Awesome Matt congrats!
OMG... That is true "efficient
Posted by kevindeng0727 on 21st of Nov 2022 at 01:02 pm
OMG... That is true "efficient market hypothesis" example hahaha
BOOM is right! thank you
Posted by bosco on 21st of Nov 2022 at 11:20 am
BOOM is right! thank you so much Matt!!
Matt, do you think NINE
Posted by matsch13 on 21st of Nov 2022 at 11:01 am
Matt, do you think NINE will retrace 50% around about 6.67 USD???? Or more? 61.8%?
if price closes strongly through
Posted by matt on 21st of Nov 2022 at 11:08 am
if price closes strongly through the 20 day MA, then more than likely NINE will eventually test its 50 day MA over time, which to me would be an idea place to start scaling in again for a swing long. This move down is 1 wave, likely need an ABC 3 wave consolidation before the correction is over, so wave A down, then a wave B lower high bounce, then C wave - will take some time to unfold, maybe 2 / 3 weeks
Stairs up and elevator down
Posted by steve on 21st of Nov 2022 at 10:58 am
Stairs up and elevator down
nice on NINE, after the
Posted by matt on 21st of Nov 2022 at 10:19 am
nice on NINE, after the open I stated that I didn't think the 9 EMA would hold this time, and it hasn't
I've been short this puppy
Posted by rollerblader on 21st of Nov 2022 at 10:53 am
I've been short this puppy from the low $10.00's for a few weeks and just closed my position at $7.65. I placed a few more short orders this morning hoping I'd get a bounce and get filled but no luck. Nine just tanked straight down. If I may say one thing about BBT is that in the last 10 years since I've been a member the most important thing I've learned is to follow the charts. It's definitely saved my A$$ a few times. Thank you Matt and Steve for all the knowledge and time you put into this site.
thanks for the kind words! sounds
Posted by matt on 21st of Nov 2022 at 11:05 am
thanks for the kind words!
sounds like you took some heat on your short a bit before it finally worked. fortunately I avoided that by shorting last Thursday and added on Friday. Last week in Wed newsletter I commented that I was looking for one more slight pop, which we got on Thursday, that last high I figured was it.
on these parabolic moves you gotta be careful being too early on a short. The doj candles early last week were a warning that it was getting close, and that final day pop on Thursday put in some CCI divergence. There was no doji there but a 60 min and 2hr chart had nice MACD div, which is my requirement for a trigger
here's the 2hr view, you had a textbook MACD KISS/Stoch OB setup
for daily short setups I want to see a MACD div on a 60 min or 2hr time frame, and of course if I get one of those Stoch MACD setups on top, that's golden