04/27/2024 Weekend Update

[Cobra]

Up 1 week, the next week has 54% chances to close up, 77% chances to make a higher high.

So more up.

[koolblue]

Im really a very short term scalper, so these macro, big picture forecasts are not my forte! So take it with a grain of salt!

[koolblue]

[tsf]

Thanks again, Cobra, koolblue, Tw2C, and BB52x !
Your charts and views are always appreciated.
Cobra's page 1 is really well designed and helpful.
https://stockcharts.com/public/1684859

In general, people seem to cheer the green shoots, but seasonality wise,
other authors are also in agreement with many of you about exercising caution for May.

[BullBear52x]

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 bearish.

Daily trend following, there is no change, rip will be sold, do nothing. patience.

Swing setup: Dip will be bought. do nothing, patience.

Intraday: overall it is bullish bias with new swing high. a trade under 38.2% will bring a wind of change. Keep it simple, Peace!

[BullBear52x]

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 entry (React)
2. use recent HL point as a stop.
3. using money management and position sizing to maximize the profit when in the money or stop out if the trend doesn't continue up.

TA is suppose to be simple. why make it harder than what it is designed to do?