Cobra's Market View

0.png 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 pr...

Overall, it's a consolidation above the breakout point (blue line) so bias is up.

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/chartbook/533449381 Thank you guys, I'll see you in another thread soon. Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/chart...

Testing the Friday's low, the typical pattern would be break then rebound. Let's see.

Typically the rebound here would mean the low was in for today, typically.

Don't think it's the lower high here for today but well, let's see.

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Up 5 weeks in a row, the next week has 41% chances to close up, 72% chances to make a higher high.

So more up but the week may not close up eventually.

3.png 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 pr...

No bear follow through as usual. Typically bulls would pretend nothing has happened therefore up and up, let's see.

Well, guess that's it for today. Here's what Tuesday looks like: https://stockcharts.com/public/1684859/chartbook/533449374 Thank you guys, I'll see you in another thread soon. Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/chartbook/533449...

Just as I suspected, it's a double top breakdown although happened much later than I thought. Typically most double top breakdown would be false though, let's see what about this time.

Revisiting the day high, usually I don't expect a double top but today, I don't know, wait and see.