We are seeing clear sell-side tapering with the orange algo and purple showing it's control. We are now retesting the breakout of strong selling magenta and coinciding with green buying continuation. This could be a very good opportunity knowing that if we don't hold green, we're out. However with a retest of magenta and a proven buying continuation lining up, I...
This is super interesting and we could be near a great level to get in for a longer term hold. Many confluences on this one so keep this one on the list! Happy Trading :)
I put out analysis on this trade on Friday and am still a believer in this stock longer term! Good signs on Friday off of a yellow pickup and looking to retest that more tapered blue selling algorithm before a continued activation by yellow and breakout toward the top of this daily IH&S. Stay tuned, Happy Monday, and... Happy Trading :) - TraderDaddyOG
In my video yesterday I explained that proof of tapering from our purple HTF buying continuation to an even more tapered blue will lead to a liquidity build and a need to activate a stronger buying algo below. If taken correctly this turned out to be a 15 R:R trade. Happy Trading :) - TraderDaddyOG
We are seeing rejection from a very tapered blue buying continuation after last week's rejection of purple. We are holding magenta stronger buying continuation so we will need to see this fail in order to get into a further downside trade - however, with additional proof of rejection from blue tapered, we can get in an early short position to at least magenta to...
We need to see yellow strong buying hold us to attempt another breakout of tapering up top. If we fail yellow, our next stop is magenta support which will be important for bullish price action to continue. We will likely see this happen today - and if we do hold yellow and reject at tapered blue above, I will be taking shorts and expecting a gap down below yellow...
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 :)
The price action momentum over the last month or so in the QQQ has begun to slow down. Price within the main black bull channel seems to have shifted into a more shallow (blue) bull channel, which is a sign of slowing momentum. This shift into the blue channel gives better chances that the bears could take control if the black channel is lost by the bulls. A...
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...
If you understand what I see, this will make a lot of sense to you. We are simply... Tapering. From strong buying magenta continuation, you can see signs of purple more tapered buying continuation starting to pick up and hold price. This means that we will taper in purple until we activate a stronger buying continuation to then break out of purple. If not,...
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...
We gapped up heavily and are showing bullish signs after announcement of the potential partnership with AAPL and Google's Gemini. Keep an eye out for a retest of teal - however I would not take this to ATH without being weary of the tapered continuation channels we have in the way (yellow and green) as well as our tapered purple selling channel which is being...
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...
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 :)
Hope this was helpful for those who are interested in learning! Again, I can't emphasize enough - you're charts don't HAVE to have all these "lines" in order to succeed. I see the market this way without all the chaos. But it is helpful to understanding PA and why price is moving where it is and what kind of strength of buying we need to see in order to have real...
We were preparing for this move all day in my livestream and were back and forth shaking out sellers at this very strong level. I ended the livestream earlier but thought I'd catch the move live for all the members who were with us waiting for the take off to happen. Here it is! Hope for those who were in my last stream got to enjoy some nice profits from this...