07/17/2026 Mareket Recap

[Cobra]

What the chart says, depends:

If you usually walk with paws then we're in a range bounded by blue lines, now we're on the way to the range low which is the lower blue line.

If you usually walk with hoofs then it could be an ascending triangle in the making (black lines).

I'm in the hoofs camp for now because for one, it's a hollow red bar which basically is a bull bar, two the volume surged which could mean rebound.

Sharp down Monday would make me in the paws camp.

[Cobra]

DISCLAIMER:

The trading log above is meant for myself only which main purpose is to help improving my market sense.

• My blah blah about how the market would go in the next dozens of minutes everyday in this forum, is a way to force me to focus on the market, because by speaking loud, if the prediction is wrong, I'd be embarrassed, which of course I'd like to avoid as much as possible.

• Day trading is not my strongest point. Just for the same pattern, it can repeat frequently on the 5 min chart while on daily chart it may take months to appear once and another month to know whether the idea of trading such a pattern is right or wrong THIS time, so practicing on the 5 min chart is a fastest way to learn to trade.

• Day trading inevitably would have good days and bad days, it's a part of the game. If I always have good days, it means I'm either lying or already the richest person in the world (then why I'm still trading?), so please don't blame me for making any bad calls. The log is for myself only, not meant to be followed.