We are at a potential great buying area and as you see there is a lot of room to the upside. I will be looking for us to prove and activate one of our stronger buying continuation algorithms (stronger than orange) to then try and break out of our magenta and white controlled selling algos. But forsure the retest and support of green which had initiated our ascent...
We found strong support on our yellow buying continuation and we are now looking to activate a stronger buying continuation such as teal or purple to continue this move upward. We broke out of our stronger controlled selling algorithms (blue and orange) and are now finding resistance at tapered white controlled selling. Once we build a little more liquidity I...
We may be transferring control from our strong buying magenta to our tapered green continuation - and that means one thing - More liquidity needs to be built. If we do see this rejection off green (proving it's in control) we will look for a controlled selling back to try and get picked up by our magenta stronger buying. See you all live at 9:30 AM! Happy Trading :)
Haven't updated this in a while - i've been holding long calls throughout this strong movement. Will look for the next breakout of orange tapered but expecting some resistance there ($51 level) where we can see price falling out of purple and finding blue continuation support. Will update as we get there Happy Trading :)
An activation of white as our support would be amazing news for the bulls - if it can utilize the strength here to break out of our controlled (but strong) selling channels. If we fail white and get pushed down further (early indication of this will be a failure to hold Teal as support), orange is our next step and is not the most bullish signal for us in the...
We finally got the breakout we were waiting for on PDD and the makers set us up perfectly for a post-earnings gap up. Happy for everyone who followed along our analysis and held strong on this one. Or maybe even added on the dip like I did. We can expect some resistance at top of yellow here before a retest of white tapered selling and then an attempt to...
Higher Time Frame tells us everything. We are allowing this to build liquidity in a controlled selling fashion and would like to see our teal buying algorithm pick price up once reached very soon. We've already begun the tapering process on the sell side (orange and magenta controlled selling) so this is shaping up to be a nice breakout. See you all there! Happy...
We would love to see yellow strong buying continue to guide price out of our selling algos. First step is a breakout of strong selling purple and then we expect a fight to occur between strong yellow and more tapered blue. Soon enough if blue or yellow holds price (bullish buying continuation) we will see a retest of our teal selling algo and that will be our...
If you caught the move down utilizing my last video, bravo. We knew what to look out for and why we were expecting that move. Moving forward, we do have a bullish bias considering the strong recovery off of yellow support however we are going to need green and blue tapered selling to continue to build liquidity for a larger breakout. We can see massive liquidity...
Support by an algo leads to resistance by that algo. In this case, we were no longer supported by teal selling but rather by HTF buying continuation. You could see that in order to finally break out of the tapered teal selling, we needed for price to build liquidity until it could activate our HTF buying continuation algos. More analysis like this to come! Stay...
Pretty boring price action today but it did tell us a lot in terms of which algorithms are in play. Yellow was activated as a strong buying algorithm which should be used to take us out of tapered orange - But we will need PA over the coming days to confirm this and for price to begin using our strong blue buying continuation to continue a move upward to retest...
Are we controlled buying in Magenta? Or did we begin activating strong blue continuation to break out of purple for a retest of teal tapered selling? We have no short term bias here and will allow price to show us where it wants to go. luckily, we have the guide to give us confirmation for either direction. Goodluck in the markets today and... Happy Trading :)
A very strong company clearly building some much needed liquidity for a further push up. Very controlled selling algorithms in play right now and most importantly, with yellow tapered buying in control of price right now, we will need to prove some sell-side tapering on magenta before activating orange strong buying for the breakout. This breakout of controlled...
As of writing this (about 10 minute after recording this video) we did rebound perfectly off our level and are 3 points up ($900). If we were to close the trade now it would be a succesful 10 R:R trade. But we have daily algorithms for a reason. I'll share updates on how the trade is going below on this post! Hope this was helpful!! It's truly incredible how you...
This will be helpful to see for those wondering how to utilize lower time frame algorithms within higher time frame analysis. Same idea! Just always remember, unless you're scalping, the daily algorithms hold much more weight. Happy Trading all :)
We prepared for this exact trade and outcome in our "special edition for haters" video 2 days ago. This truly was a special edition for haters!! Please do not discount the power of these algorithms. It works for me and it could work for you. Trying my best to share this knowledge so that you can catch these trades too! Have a great day in the market...
We know from the past what to look out for and what algorithms and channels we need to activate in order to break out of our less-strong buying continuation channels. Yellow (with purple as support) is our key algorithm to breaking out of green - yet, once we see tapering on green and especially our red controlled buying presenting itself, we are prepared to make...
This could be the sign that bulls have been waiting for. To prove tapering on the daily and activate a strong buying algo to make a move to breakout of our selling algos. Keep an eye out for this - we will look for the white tapering on the daily to line up with our pruple tapering algo on the 1 HR. Happy Trading :)