rook2pawn

rook2pawn Updated 

I provide here a guide to how to short, when to long and where 4 hour bullish liquidity will be found, as well as no trade zone. 5DMA is safety so you need to wait for a not only rejection off buy channel (yellow) but also a failure below 5DMA in order to take a short. Long above $80 and wait for structure such as a retest of 4 hour sell channel for liquidty to...

rook2pawn

Gamestop's last line in the sand is $9.50-$9.70, where it bounced initially back during the first run up. The next bounce spot is $7.50 but momentum will be high to the downside. If this truly were to MOASS you would buy it at $25+ when it clears liquidity levels and develops upside momentum. Currently, this appears to be heading to zero. I would not have a...

rook2pawn

We are at the top of the bullish uptrend on SPY weekly. The only way is to go up or to face a correction. FOMC will be a factor as do rate cuts. Best to wait for the market to establish what it's going to do.

rook2pawn Updated 

Fundamentals / Background: This company has financial difficulties and is not well-poised in this environment with depreciating value of inventory, and lots of it, with consumer strength weakining. Technicals : Currently, Sell. Specific shorts at the 20DMA $72 range with a short add at $68. Additionally if the stock immediately rejects initiate short at break...

rook2pawn Updated 

NWBO has a lot of promise as a biotech play. Examine the more aggressive sell channels and ensure that the price does not start respecting the more aggressive channels. If NWBO breaks out above $0.85 (it's actually the highlighted portion of the red sell channel that is multi-year. So if it breaks above the red-sell channel, then anything under $1 will be a deal...

rook2pawn

we saw a bullish close on Friday. Come this week SPY will likely challenge 429 and there are two ways this fails bearishly and otherwise we will continue to go up but there are higher resistances not outlined here. Most importantly understand we have left the bear magenta sell and we have to assume we are now in a neutral flat channel. This channel is colored in...

rook2pawn Updated 

Summary of this article: 30 minute and Weekly analysis, best to buy this above the breakout consolidation. Wait for $9-$11 to purchase this. If you do not want to wait for the breakout, Stop loss below $7. There are a few ways to buy this on the 30minute chart, which can definitely morph to a long term hold. You can see that purple would give the most...

rook2pawn

This is my short term outlook for what's next in the markets. Of course we can't predict but we can say this is generally how we can divide the map of the price space based on macro. Trade the charts, not the macro, but let the macro guide your understanding.

rook2pawn

I believe we are at the midpoint of the distribution cycle and the market will put on a show bank runs to induce fear and rip the market up to 480 but not before an extremely volatile summer. Its clear there's not enough shares distributed of these megacaps and so Ms Market has to rip it upwards. Safe buying commences above 400. Massive multi year rejection to...

rook2pawn Updated 

STOCK ANALYSIS FOR NASDAQ:BYND Buy Zone trending line upwards from $11-$15 Indicators used * 195 MINUTE TIME INTERVAL (This is HALF THE SESSION TIME, VERY VALUABLE TO KNOW) * ZIG ZAG (ABSOLUTELY SIMPLE BUT AMAZING INDICATOR TO INDICATE AND ESTABLISH TREND) * DIRECTIONAL BIAS (VERY AMAZING INDICATOR) During the falling knife phase, the directional bias...

rook2pawn Updated 

The sign of strength from $0.80-$1.20 seems violated - but this is just due to tapering anticipations at the FED level . Clearly we are in a super strong Wyckoff accumulation zone and there will be a break to the upside at $1.50 followed by a retest before we head to $3-$4. Going long here is great . I am not a financial advisor.

rook2pawn Updated 

Tickers: NG1!, UNG Short term view: We are finding weak support at $4.90 level on NG, or $17.50 on UNG. We are in overall BEAR BIAS MARKET (even with the short term uptrend in the larger equities and bond market) so we will retain the retracement from the SELLERS perspective. We find a strong case to take profit at $5.20 (NG1!) or $18.15 (UNG) TP1: $5.20...

rook2pawn

Ideal entry for Monday is 370-371, look for trap entry LONG below 369 around the 0.5 at 368.90, and ENTER LONG if bouncing on top of 368.90, again, wait for the retest and enter later at 370-371! We might not even get that pullback, but you should wait for that pullback. SHORT TERM BULL: TP1: 378 TP2: 383

rook2pawn Updated 

We have a bear market bias, however there is a uptrend we are in. How long remains to be seen. We can only enter short once we see evidence of failure. I highlighted a region in 2008 that might be similar, but there are a number of differences such as how the current market is much closer to the 50 period moving average. We can see that the market participants...

rook2pawn

There is strong downwards price pressure which will need to resolve itself. The price targets listed above. Price needs to continue to bake. if you like this idea please upvote. Realistic picture of the market.

rook2pawn Updated 

I AM NOT A FINANCIAL ADVISOR we're now forming FROM a secondary lower shelf from the new low that was established in march 2 2022 The lower shelf will form the basis of support build up the market from a corrected level watch the bottom touches. exceess liquidity has dried up so be careful. likely the pump is from the shorters who are planning to raise a...

rook2pawn Updated 

I am not a financial analyst and these are just personal speculations. SPY is heading towards a massive multi-year correction in that will see a temporary bottom in 2024 before finishing in 2030. Advise is to be careful and limit long-side exposure. I would consider going into long dated call credit spreads at this point here.

03:02

rook2pawn

UEC - January 2022 - I am pretty encouraged by what I am seeing between the CCI and the Horizontal support at $3.60. I haven't developed price targets but this is looking like a great entry anywhere between $3.20 and $4.00. Please give me a thumbs up and leave feedback if you liked it and if you learned anything - Im always open to constructive criticism as...