NH2

NH2 Updated 

Higher highs and higher lows. Seasonality is playing out and should continue into the new year. Watch for chop and maybe a few pullbacks in the blue inventory zone above (lot of traders there from last summer). Volume evidence in that zone will show the probability of the next move. I know there is no volume on this chart because it doesn't show for gold on...

NH2

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NH2

VPA Buy Points

NH2

Now notice the rejection at the top and the volume (arrow #2). It hit heavy selling and started going back down. Good thing we didn't chase. High volume areas love to retrace and this is looking like an obvious short here. Of course, you don't want to chase on the way down any more than you want to chase on the way up. So.... I waited for the retest near...

NH2

First of a few charts explaining a recent AMD trade

NH2

More sideways chop in the channel but breaking out of recent short term down trend. Up to the .50 FIB, closing on the .382. There is a lot of VAP in the 16 area not shown on this chart, will take some time and volume to break through that.

NH2

A little early on this one as well. They wanted to rip the longs before ripping shorts. Action below shows there is still support for this thesis. Likely chop before NFP.

NH2

I was a little early on this one. Volume below says there is still support for the thesis. Chop first then go in time. This week likely more chop waiting for NFP.

NH2

Double bottom forming base of W. Huge volume at lows (somebody wants this thing at lows when retail is selling). Build confidence, break it down and shake weak hands. Then... Up, up, and away. Also lines up with the Gold chart.

NH2

W pattern formed, shorts faked, next move is up.

NH2

W pattern formed, shorts faked, next move is up.