This rip will be sold, until this setup fails, then bulls will have a say. I am not sure if it will trigger today or by end of day. first thing first. (RSI<70 = trigger)
sellers were cautious at this level. I will use my red line as a pivot, sellers be careful of a bullish piercing, it could rebound right back to 38.2% in a hurry.
Bonus chart: will the Fed provide optimism to the next hourly green bar before new LL? we will find out tomorrow. EIS bar assist trade reminder. I think the bottom is in for intraday today, if I have to guess. agree with cobra chop chop end of of day. Peace!
How today's closed candle will tell. short term very overbought at the upper BB resistance or mid BB resistance. the pull back around here is common. so, lets not pretend to be a surprised.
Bonus chart: 20/50 DMA bearish crossed and over head resistance. I smell a big move coming tomorrow. trend line or MA line, if no gap up and push hard over it the lines win. Bulls will have to reach deep in their pocket for this one.
Swing setup: nothing new, wait for new buy setup. 1.PNG Intraday: it's a classic boring Monday, new swing high, it is bullish bias, bulls need to close higher than Friday's high or we will end up with a negative price action today. 2.PNG Internals: bullish bias, some big move is in the work? Boring ...
Elder Impulse System (EIS) Tips. if your time frame is an hourly with the use of EIS bar to assist in entry and exit.This week we have a good one to learn from. New HH and HL are clear on chart pattern. There is a change in a trend. Actionable move: 1. wait (patience) for the next GREEN eis for entr...
From " It is what it is department" keep it simple and know the time frame of your trade as I'd like to say. Market will go up or down until it doesn't, once it doesn't, take note, change is coming. Patience, react, and don't predict. What is changing? the individual investors are now gone...
Internals: Bullish bias, as you can see the buying pressure on last Friday was good until now. if you didn't buy in there you are just missing out, Hahaha, after the fact. just don't miss out the next buy setup. Peace.
Intraday: new swing high, it is bullish bias, see red line, bulls need to close above to maintain a positive price action, if not it will be negative.same playbook.