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Open: big gap up, but strong selling, failed bull BO. AIS, bear trend from the open. bulls want to form DB and gap and bull trend day. bears want spike and channel bear trend and to fill overnight gap.
17 TTR, LOM, both sides fighting for FT.
19 building buying pressure. bulls filled bear gaps. bears want LH and bear channel. bulls want strong BO above 1. prob get TR.
20 2BR, low 2 lower high. ok swing. but both sides scalping with LO's and stop entry in middle of LOM. poss bear channel forming.
21 LO bears made SP selling 19 close, prevented third CC bull bar. ok bear entry bar. within MF of EMA.
22 bear FT bar but failing to go very far. bulls scaling in for test of 19 close, disspointed, will prob exit BE around close.
23 bulls want failed low 2 / lower high and strong rally. reasonable swing, but LOM, need strong BO with FT above 19 and 1. otherwise bear trend or TR.
24 good bull EB, reached 19 close. next bar important for bulls. bears see as wedge bear flag (11,19,24).
25 bears sold close, prevented strong bull BO. wedge bear flag, double top bear flag. but small bull gap 24.
27 bull BO, bears gave up. poss MG.
28 bulls made SP on stop above 1. strong bull trend. suspected bull channel from 14-18-23 lows. mm tgt not far above.
30 reached mm tgt, no sign of bull TC yet. slight parabolic buying, climactic and unsustainable. tight bull MC from 23. strong bears waiting. want to form strong reversal and early HOD, but no evidence yet.
31 bulls starting to take profits. prob bull TC line.
32 bulls want 28 or 29 to become MG.
37 bulls defended 29 gap. but so far TC holding and limiting rally.
38 small ET (33,34,37,38), break and test of bull MC high.
40 LO and stop order bears reached SP and swing profit. filled 28 and 29 bull gaps. 2 bear bars reversed prior 10 closes. tested opening high, prob sell vacuum test of bull TL. bears need strong FT and BO to convince traders of a reversal. otherwise still bull trend.
41 3 strong bear bars, building selling pressure. but still within bull TL just below.
42 2BR, EMA gap bar. reversed off bull TL. ok swing buy above. scalp if prices tick below.
43 good bull EB, bulls made SP buying 41 close.
45 weak bear attempt at lower high, prob BB for BOPBL of bull flag.
51 building selling pressure, bulls starting to take profits. bears selling bull closes, above bars, defending 39 EB stop. bulls no longer getting CC bull bars. bulls want leg 1 = leg 2 mm up. bears want lower high and reversal, but less likely until after a break of the bull TL. bulls likely to test above 39 start of sell vacuum.
52 LO bears made SP selling above 50. weakening bull trend. but stop order bears unlikely to reach SP. high 2 / failed low 2 in bull trend.
55 wedge retest of bull high but weak short. small spike and bull MC from 42.
56 bulls made SP buying above high again, but BCX bar (strongest bull bar of bull trend). and 3 pushes up since 44 spike. bull mm tgt not far above, prob 2 leg correction soon.
57 bulls took profits, bears initiating shorts for 2 legs down, will hold through new high and scale in.
59 bear BO, break of bull TL.
61 huge bear BO, STC bear trend. 61 poss MG. bulls will try to form TR with start of channel, unlikely after such strong selling. bears want to fill overnight gap.
63 inside bull bar, most likely due to profit taking by bears. 62 STC bears will scale in for test of close.
65 weak bull EB, but reasonable FT bar. bears want to keep 61 gap open.
66 low 1 sell setup, trapped bulls. bears scaling in for test of 62 close.
67 bears exited 1 tick early, could not reach close.
70 both sides fighting for control. bulls want TR with start of bull channel. bears want spike and bear channel. small TR, LOM. may go sideways until NA at 115.
71 stronger sell setup. low 2 / wedge bear flag / failed failure (failed low 2 failed). bulls should exit below.
74 bear BO bulls gave up. mm tgt just below. NA next bar.
Today was a gap and channel bull trend day, which ended as a strong bear reversal day.
The market opened with a gap up but strong sell off, putting the market AIS. This led to a BOPB to the EMA where the bears failed to form a bear channel and instead the bulls formed a strong BO and flipped the mkt to AIL on bar 28. After a wedge test of the bull extreme and BCX (also three pushes up on the day so larger wedge bear flag), the bears took control and flipped prices to AIS on the strong 61 bear FT bar. It will likely remain AIS for the remainder of the day.
Best Swing Trades
23 failed low 2, variant of a high 2, MDB and DBPB long. was a stop order in middle of LOM so required swing.
38 low 2, ET, failed high 1, off bull TC line. This was a low probability short so required swing.
57 2BR for BCX, large wedge bear flag (1,38,57) wedge test of bull high (45,54,57).
45 weak bear reversal attempt, buying below was best but above the 47 bull reversal was also acceptable.
52 high 2 / failed low 2 in a bull trend. also off smaller bull MC trend line.
66 2BR for failed bull reversal after strong bear BO, flip to AIS, and trapped bulls. bears were scaling in for test of 62 close. had to hold through pullback above entry price, but ultimately worked. But it was also reasonable to exit early when the bears could not reach the 62 close.
71 failed failure, low 2 / wedge bear flag, pullback to EMA.
79 failed bull reversal attempt, BOPBS to bottom of opening range, variant of a low 2 (77 low 1).
*I decided to show my trades today since I haven't in a while. I made 2 mistakes early on (did not follow my rules and enter 60% setups), but was able to recover and generate a profit by waiting patiently and not allowing my mentality to be affected. I then lost another trade when I did not exit when early when I should have, and tightened my stop (had i left original stop in place I would have been fine). I waited patiently for the next setup which resulted in a swing profit for a decent profit on the day. This is proof that even after making mistakes (every trader does) it is possible to recover and end up with a positive day by remaining patient, disciplined, and keeping a strong mentality. What makes all the difference is not allowing your losses to affect you, and remaining objective. I hope this is motivating to those who are struggling to continue pushing on. It wont happen overnight and has taken me a long time, working hard every day to get to this point. Trading is not easy and never will be, but it is possible!
Can you help answer these questions from other members on NexusFi?
Open: prices are currently well below the weekly EMA, the bears want the week to close at or around its low, which is relatively far away. The bulls want an early LOD and to close the week near or above the EMA, which is also pretty far away. Both sides making scalpers profits, ET open. small trading range. The bears want a gap and bear channel trend day.
19 small high 2, but bulls cannot close above EMA. bears holding TL and want LH. 13 rally shows some bull strength. currently AIL, but bulls need strong BO above 7 with FT, otherwise bear flag TR. 13 reversed off strong support and important price level for bulls (top of large range on HTF).
20 LO bears failed to reach SP selling above 17 weak high 1, forced to scale in higher. sign of weakness. first close above EMA since yest strong sell off. beras want ET bear flag (1,4,7,13,20).
21 low 2, DTBF, EMA gap bar. bulls want to keep 20 gap open. bears want it to become small EG.
24 bears exiting after scaling in. bulls want two legs up / reversal after yest CC SCX's. yest TTR close a magnet.
25 bull BO, but weak close. bulls want MG, tgt is yest TTR.
26 bull BO with FT, bears gave up. 25 micro (negative) MG.
27 bear attempt at failed bull BO, poss high of bull channel and TC from 1-7-27. 2EMA gap bar, final flag and ET bear flag. ok swing short, scalp is questionable, bears only making SP scaling in with LO's. but also a 10 tick failure for 26 BTC bulls.
28 good bear EB, 26 btc bulls disappointed, forced to scale in or exit.
29 bear FT, back into opening range. bulls want to form higher low and bull channel. FOMC close of next bar.
32 26 BTC bulls scaling in for retest. bulls forming higher lows, MDB.
33 tails on past 3 bars, some bulls exiting BE on entire position. bears want sec leg down / test of support after ET and failed BO of bear flag TR.
34 sec entry for failed bull BO, BTC bulls exiting BE, failed to reach 26 close.
I was only able to trade a little while this morning, but it turned out to be a trading range day which contained a weak bear channel.
The market opened AIS with the bear gap and three bar bear spike. After a failed breakout to a new low prices became AIL for 2 legs up at 15. It flipped back to AIS on the failed bull breakout (ET), with the bar 29 bear follow through bar, and remained AIS in a weak bear channel until the bar 72 bull spike from the failed bear BO.
Best Swing Trades
27 ET (1,4,7,13,27), failed break above a bear flag TR, and BOPBS to the low of yesterday.
70 failed low 1, SCX, failed bear BO of TR, and reversal off bear TC. Also a larger ET (1,4,7,13,27,70)
Open: huge bull BO and gap up, increases % of bull trend day. AIL. but top of larger TR on daily and weekly charts. bulls need strong FT above, otherwise failed BO.
20 bull MC, bears will try to form DT and bear trend, unlikely with such strong buying pressure. bears will prob need to form TR and selling pressure before bear trend premise valid.
21 LO bears made SP selling above 3, but failed to form reversal bar.
22 bars are larger than normal and heavy volume. bears are trying to form TR / early HOD. bulls want mm up from 21 spike.
23 21 BTC bulls scaling in for test of close.
24 bulls reached close and exiting BE (tail, reversal bar), bears sold above 23 for weak high 1. so far bears holding TR.
25 bull BO, failed low 2, but several overlapping bars. nested ET (21,22,24,25) and larger ET (1,3,13,21). Bears want 21-25 ff reversal and TR, bulls want 25 MG. both reasonable, need more info.
27 bears gave up, forced to exit or scale in higher. 25/27 poss MG.
29 bear failed attempt to turn 27 into BCX. small bull channel from 13-25.
30 suspected bull TC forming from 3-28. bulls want gap and bull channel, or spike (21) and channel. bears need to build strong selling pressure before flip to AIS likely. only 1 bear SP since start of 13 rally.
32 high 2 off bull TL and failed low 2 / BCX and reversal. but buying high in potential bull channel.
35 bull TC holding from 3-28. bulls taking profits above 28, LO bears selling.
36 LO bears reached SP. failed high 2. bull TC held. small ET (28,29,30,32,35). filled bull 27 gap, but 25 still poss MG. EMA magnetic pull, likely to find buyers (20EMA gap).
37 ET continuation. failed bear BO of small range / flag.
38 building selling pressure, starting to get some two sided trading. bulls prob waiting for test of EMA, will want to keep 25 gap open.
39 filled bull 25 gap. first test of EMA, bulls bought into close of bar (tail). but weak buy stop above. may become more complex pullback to bull TL (bull channel from 3-28-35).
40 bulls have switched to scalping, waiting for larger PB. building selling pressure. small bear channel down from 35.
41 high 2 buy setup off EMA, ok swing. first break of bear mc. poss spike and bull channel (22-25-41), or gap and broader bull channel from 13/15, copied from highs. not clear yet.
42 low 2, into EMA and low of bull flag, weak. bears want to test below 25 and turn spike into BCX.
43 both sides fighting for control. bulls lacking strong reversal, bears getting CC bear bars. prices holding above 3 prev HOD.
45 bears reached tgt below 25. small scx close right at bull TL. sell vacuum test of bull TL if buyers return. less likely 45 bear MG.
46 bulls bought 45 close. EMA gap bar, DBBF with 22. sell vacuum test of bull TL. 2 legs down from 35 ff reversal and 27 BCX.
48 bulls reached first tgt above 45. bulls want leg 1 = leg 2 mm up with 27 and 46 which is around original 25 tgt.
51 weak bear attempt at LH. more likely BB for BOPBL.
54 bears made SP selling above 51 weak high 1. failed swing profit from 46 EMA gap bar. bad for bull case.
55 failed bear BO of bull TL. high 2 from 46 and 51, and DBPB. but weak SB.
56 EMA becoming flat. poss TR around 25/46 DB. bears need strong BO below.
59 bulls gave up, bear BO with FT. bears are making swing profits, bulls failing to reach SP without scaling in. bear trend. maybe TR with 13 low. bears want 58 MG.
61 parabolic SCX, reached 58 mm tgt. 60 poss MG if not filled.
68 trending bull closes on test of EMA. poss steep bear TL copied from 28-45-61, but not clear yet.
70 bears want 59 MG, tgt is new LOD.
72 reached mm tgt. failed bear trend channel overshoot, SCX.
Today was a large trading range day. After a large gap up and spike and climax bull trend, prices sold off in a bear channel, which resulted in CC SCX's before a reversal back toward the high of the range.
Prices opened with a big gap up and spike, making the market AIL, clearly on bar 18. After a BCX and lower high, prices became AIS on or around bar 58/59. The mkt remained AIS until the SCX and strong reversal, and became clearly AIL on bar 92, but arguably around 85/86 due to the failed bear attempts to sell off which failed.
Best Swing Trades
25 failed low 2 / high 2 off bull MC trend line. buying into highs so required swing.
46 EMA gap bar and reversal from small SCX (45). also a high 2 (40).
77 sec entry for SCX and reversal, and failed low 2.
Open: gap up to above yest TR. no bear urgency for failed BO. Strong bull micro channel, bull trend from the open. AIL.
17 tight bull mc up from 8. no bear SP, scale in bears trapped out. strong bull trend. 12 MG, but bulls want larger mm like based on 14 or 15 spike, possibly 17.
18 bulls buying closes, ATM, any small pullback. small pullback bull trend.
20 bulls starting to take profits. first break of bull MC.
21 bulls scaling in for test of 19 close.
22 sec entry short, weak stop entry, LO bears still have not made SP. 15 most likely MG.
23 19 bulls exited BE, will likely buy pullback to EMA. small bull flag around 21 low.
24 first LO bear scalp selling above 22. first 2 legged pullback of bull trend. and first test of EMA. bulls want to form spike and bull channel.
25 strong bear FT, 2 bars reversed prior 10 bull closes. first close below EMA. bulls defended 8 gap and 11 stop. bulls want higher low and sec leg up / start of channel.
26 EMA gap bar, high 2. but weak SB. weak low 1 prob BB.
27 strong bull EB, 25 close prob TL of bull channel.
28 bear attempt at failed high 2 / lower high. weak, closed above EMA 27 strong reversal. prob BB for BOPBL of bull flag.
30 bears attempting to form similar PA to yest. instead today bears prob get trapped. closed right at bull TL.
33 bears trying to defend 23 BE entry, unlikely to hold. bulls want 33 MG which is also same tgt as leg 1 = leg 2 move. bears want TR with HOD.
35 bull BO to new HOD. some signs of bull PT / LO bears. mm tgt scalpers profit above. news close of next bar.
36 outside bull bar, reached first mm tgt, poss mm up from 34 gap but relatively far away.
37 reached 34 MG tgt. bull TC overshoot and BCX.
38 huge bull BO, climactic, parabolic. closed right at MM tgt and reversed off mm based on height of channel.
39 swing short for BCX and bull TC overshoot. but not that strong. ended BTC. prob SA for weak high 1 after BCX, but willing to scale in.
40 no sign of strong bears yet, poss mm up from 37.
41 reached 37 mm tgt. extreme and unsustainable buying. 2 legs sideways to down likely soon, but no reversal yet, strong bears waiting.
42 some signs of bull PT (tail), but no strong bears yet. tight bull MC.
43 spike and climax bull trend (38 spike, 42 rally climax). can also be viewed as CC BCX's. increased % of 2 legs sideways to down, first bear tgt is below 39/40. but weak SB, reasonable to wait until clearly AIS to sell or sec entry. reasonable swing but large risk.
44 better short signal, ii sell setup. 3 overlapping bars, poss FF.
45 short did not trigger, but some signs of bears selling above. 42-45 likely to become FF. bulls want larger spike and bull channel, but 2 legs down likely first, poss bear reversal.
47 LO bears made SP selling above 44, took profits instead of holding. weak bear EB. bears need strong FT for AIS / start of 2 legs down. still within small TR, poss growing FF.
48 bulls have switched to scalping. 3 pushes up since 42, small ET.
49 outside bear bar, failed high 2, filled 41 bull gap. building selling pressure.
50 ET continuation. bears want bull trap and BOPBS. bulls see as failed bear BO and wedge bull flag.
51 bulls tested 48 close. middle of small flag TR.
53 bull PT / LO bears above 42 HOD. ET / FF short, but weak SB and 3/4 strong bull bars. bulls want bull channel with 50.
57 bears made SP scaling in. prob high of steep bull channel or start of TR.
58 bull test of 56 close after scaling in.
61 sec (or third) BCX. 2 leg test of bull high. reached 40 MM tgt.
64 one of the strongest bull bars of bull trend. likely last BCX bar.
65 sell setup for BCX, and wedge top.
69 bulls attempting to form failed wedge and mm up.
73 bulls trying hard for failed wedge. bears want 2 legs down to around 50, 63 at min.
74 sec entry for BCX, wedge reversal.
78 bear FT, first close below EMA in 40 bars, extreme. bulls prob try to form TR around 63 which is first bear tgt.
79 EMA gap bar, some buyers on 78 close but not that strong. 78 poss MG. sec leg down likely. correction should last 10-20 bars
82 reached first bear tgt, no sign of bulls. next tgt is mm down, 82 poss MG. tgt is middle of earlier TR bull flag and triangle which is a magnet.
85 tight bear MC working toward mm tgt. prob first of 2 larger legs down.
Today was an unusual day to say the least. I have not seen a trend this strong and extreme in a long time. It started out as a bull trend from the open and spike and channel bull trend. Prices then broke above the channel in a stronger spike and channel bull trend. It was also a spike and climax bull trend which led to a bear reversal.
The mkt opened with a gap up and lack of bear urgency so AIL. It was clearly AIL on bar 12. It remained AIL until the bear FT bar at 78 from CC BCX's and a wedge reversal.
Best Swing Trades
26 EMA gap bar, high 2, first correction of strong bull trend from open and formed bull TL.
50 wedge bull flag, ET bull flag and failed breakout below bull flag TR.
74 sec entry for wedge reversal and CC BCX's
Best Scalps (very few clear ones on such a strong trend day)
15 weak low 2 reversal attempt (bull bar), off bull MC trend line and small pullback / BTC bull trend.
31 weak low 2 into bottom of bull flag and bull TL. buying below 29 or above the 32 failed low 2 was also acceptable.
Other more aggressive but acceptable scalps; buying 20 close for test of 19, SA 44 weak high 1 after BCX, BB 56 weak SB for reversal, SA above 67 weak high 1 after wedge reversal and CC BCX's
Open: bear gap down, ttr open at start of yest first bull channel. Bulls want to hold as support and form a large TR, bears want bear trend from open, multiple bull gaps (bear targets) below. More likely heavy two sided trading and some form of TR day.
17 LOM, AIS from gap down, but building buying pressure. both sides fighting for control. small ET.
19 bear BO, test of yest low. bulls want SCX and FF reversal, early LOD.
20 poor bear FT, buy setup for SCX.
21 good bull EB, bulls need FT for AIL, BO above ttr. bears want bear channel, prevent AI flip, and test of 19 close.
23 bears exited at 13 close after scaling in.
26 bears filled yest bull 8 gap. want to fill yest gap open. but parabolic selling, low in bear channel. bears want 26 MG.
27 prices contained in bear channel, sign of bear PT and LO bulls at new low.
30 working toward 26 mm tgt, some signs of buying around yest low. bottom of bear channel.
32 outside bull bar, bulls made SP buying low and scaling in. weak bear channel or transition to TR. building buying pressure. bears want to keep 26 gap open, but likely to test EMA.
33 20EMA gap bar. first decent rally of bear trend. bear TL not far above.
34 failed break of bear TL, closed right at it. first close above EMA, 3 decent bull bars, bears likely STC. prob middle of developing TR with ttr open and 32.
35 weak high 1 top of bear flag and into bear TL
36 first break of bear TL.
37 low 2 sell setup after first break of bear TL.
38 low 2 did not trigger, instead bulls got BO but not that strong. bears likely to try again for test of low. bulls want mm up from 34.
39 weak bull FT, EMA gap bar but not that strong.
47 bear test of low, filled bull 32 BO gap. bulls want MTR / TR with 31 low. bears want to become MG.
48 bears kept gap open, likely MG. tgt is new low. no sign of bulls, likely waiting for new low as well.
49 reached mm tgt, found bear PT and LO bulls. bulls made SP buying new low without scaling in. Transition to TR, poss reversal. bears want broader bear channel from 18-44, which is still possible.
52 strong bull bar. trending bull closes, building buying pressure. likely forming bottom of TR.
53 outside bear bar, test of 48 close.
55 bear BO of TR, but weak close. closed within broader bear TC. bears want mm down from opening range.
56 bear FT bar.
57 SCX, mm tgt not far below.
58 strong bull bar, buyers at 57 close. filled bear 54 MG, reversed prior 3 closes.
59 bears want BOPBS, continued sell off in steep bear channel. bulls want reversal for 2 legs up / test above 53 or 44 SCX's.
60 most bears exiting BE on entire position after selling above 57 and scaling in. will try 1 more time for test of 57 close.
62 sec entry for BCX and reversal, but buying high, riksy.
63 bears giving up, bulls taking control but need FT / BO back into opening range
64 bull FT bar, created gap 63. bears see as 2 legs up from SCX / low2 but weak SB.
67 both sides fighting for control, bears holding opening range as resistance.
75 TTR, LOM.
Today was a large TR day with some trending trading range day activity (several small TR's and a late strong reversal through previous ranges). It was also a bull reversal day.
The market opened with a gap down and AIS. It was clearly AIS on the 19 bear BO. It remained AIS until the CC SCX's and reversal at 58, but was not clearly AIL until the 82 big bull BO. It will probably remain AIL until the close.
Best Swing Trades
17 wedge bear flag / failed high 2 and ET bear flag. stop entry in middle of LOM, so swing short.
24 low 2 bopbs, but shorting into lows and after 19 SCX and 20 reversal, so better taken as a swing.
43 2EMA gap bar after first break of bear TL. also 2 legs up from the 30 parabolic SCX.
Best Scalps
31 weak low 1 into bear TC. and after SCX.
42 weak high 1 into high of bear flag and after 2 legs up.
60 weak low 1 after SCX and reversal.
79 failed bull BO above TTR and of bear flag.
86 weak low 1 reversal attempt after strong bull BO with FT.
Other more aggressive scalps; SA 24, BB 34, SA 39, 45 close, 84 close
Open: small gap down, ttr. middle of yest TR. today likely to have heavy two sided trading and remain some form of TR day.
18 bears attempting to form bear channel from yest lower high to today ttr open. AIS but middle of large range and bulls have been able to make scalps.
19 bull BO, tested above 10, bear TL failed.
20 big bull BO above high of range, AIL. bulls want spike and channel bull trend. poss broad bull channel with yesterday swings, closed right below TC. mm tgt above based on height of range, poss larger tgt based on 19-20 spike.
21 bull FT, but still contained in bull TC.
23 big reversal, turned spike into BCX. but held above 16 higher low.
24 bulls bought 23 close, prevented AI flip. test of middle of TR.
25 bear BO, broke bull TL but still within range. extremely volatile.
26 so far failed BO below TR, bears want mm down from 16 BCX and spike and bear channel but need BO below range first.
27 26 STC bears scaling in for retest.
28 STC bears exited, bulls bought 27 weak low 1. bottom of range holding.
30 bull entry and FT bar, formed BO gap 29. filled bear 25 gap. bears see as two legs up, want start of channel
33 bear BO with FT. bears want 32 MG. first mm tgt from BCX not far below. bulls want SCX and failed BO.
36 33 STC bears exited BE. bulls buying new LOD, made SP without scaling in. but very strong selling compared to bull reversals. bears want to keep 32 gap open. bulls need BO back into range and to fill 32 gap other wise still AIS and poss bear channel.
38 37 outside bear bar for failed high 2 / bopb low 2 short to bottom of range. but 29 tested EMA, would be parabolic test of EMA. small ET / range bear flag. Bears have switched to selling above bars and scalping. Bulls want failed low 2 and rally
39 bear FT bar but not going far.
40 outside bull bar, failed low 2, trapped bears.
42 good bull EB and FT. but bear channel still possible (closed right at TL copied from 26-33 pasted to 30). building buying pressure but bulls need BO above EMA and back into range for AIL.
43 ET bear flag / BOPBS to bottom of range, large low 2 off EMA. but not a strong SB compared to 42 rally. bulls want test of 31 SCX.
44 bull FT, but first close above EMA, poss sellers on close.
45 weak bull FT, but weak selling. bears not yet defending TL strongly, bulls holding range as support. next bar important should provide direction.
46 another doji, indecision. trending bull closes, highs and lows. bears defending 31 gap, bulls defending TR.
48 bears scaled in after selling above 43. holding on to bear channel premise. bulls lacking FT.
50 most 47 BTC bulls exited BE on entire position after scaling in. remains AIS, bear channel.
56 bulls trying hard for HL / sec leg up.
63 bull BO above bear flag TR, AIL. bull channel from 40-61.
Open: big gap up, failed BO, AIS. Bears want bear channel. high of week not far above, bulls want bull trend day and close on high but will likely need a DB or strong rally first.
17 bulls making SP by scaling in, weak bear channel from open. test of EMA
19 outside bar, buyers at EMA but weak close, overlap with prior 3-4 bars. bulls want bottom of TR.
20 failed bear BO of bear channel, closed within TC.
21 bulls scaled in for test of 17 low. bears want MG. bulls want failed bear TC overshoot, SCX and early LOD.
22 bear FT, small gap between 19 and 22, prob MG. parabolic selling, poss sell vacuum test of steep bear TC.
24 bears scaling in for test of 22 close. filled bear gap.
25 22 bears held for original SP. another bear TC overshoot and SCX. strongest bar bar since open. reached mm tgt based on negative 19/22 MG. Bears want 25 MG, more likely EG.
26 bears and bulls buying 25 close. buy setup for SCX and 2 legs up. first tgt above 25.
28 reached first bull tgt, want mm up. good EB and ok FT bar. sec leg up likely. poss bottom of TR. 27 bull BO gap.
31 bulls want 31 MG. bears want steep bear channel from 13-19. closed right at TL.
32 bears tried, failed to form low 2 at EMA / bear TL.
33 outside bear bar, low 2, micro DT. 2 small legs up from 25. holding below EMA.
34 bulls attempt at failed low 2 / high 2, but buying high in poss bear flag, risky.
35 bull BO. 35 likely MG. bears want EG, 2 legs up and end of bear flag.
36 bears filled gap, scaled in for test above 32 weak high 1, exited. weak high 1 / failed high 2 after 2 legs up from 26, prob SA.
38 big outside bear bar from 37 EMA gap bar. poss start of sec large leg down from 25 and broad bear channel.
39 strong selling, reversed prior 10 closes forced bulls to exit. closed right at bear TC. leg 1 = leg 2 mm tgt near gap open.
41 bulls bought below 26, scaled in and reached SP.
43 good bull EB and FT for sec SCX and reversal.
44 poss MG, tgt bove 38 SCX. bears want to keep 38 open for MG.
47 strong bear trend, but second (or third) SCX. reached 38 MM tgt. 46 poss MG, tgt is gap open but prices limited by bear TC.
48 reached leg 1 = leg 2 tgt. still tgts below (gap open, yest TTR close), but climactic selling and failed bear TC overshoot.
49 buy setup for wedge bottom. failed bear TC overshoot and CC SCX's, 48 STC bears were unable to reach SP. but SB overlaps prior bars.
50 48 STC bears exited BE after scaling in.
53 small sideways flag, poss FF. sec entry for 49 but middle of TTR.
56 good bull FT, first tgt above 46/47 / test of bear trend line. break is likely after wedge bottom and failed bear TC overshoot.
59 wedge bear flag at EMA, failed bull reversal. bulls forced out.
Open; strong bull BO above yest lower high. bull tgt is 37 / 18 start of bear channel. AIL, so far bull trend from the open with no bear SP. However unless the bulls breakout strongly above yesterdays high the day will likely remain some form of TR day within yesterdays range. Yest sell signal on daily chart, poss sellers below yest low.
21 18-21 bull leg parabolic, poss buy vacuum test of TR. bulls want 19 or 20 MG. AIL but 2 legs up from yest 62, strong bears may return soon.
25 volume low this morning. first sign of LO bears, sold around yest bear channel, made SP without scaling in. prob nearing high of developing TR.
27 strong selling, turned 21 rally into BCX, filled bull gaps. AIS, lower high / sec leg down / test of yest low likely. bulls want DB around 18 and bull channel but TR more likely.
28 some buying on 27 first close below EMA. bears want 26 or 27 MG. first bear tgt below 18.
31 outside bull bar for high 2 failed, became outside bear bar. several sideways bars. bulls want test of high to exit longs, bears want test to short more. both will limit rally and contribute to sec leg down.
32 bulls want bull channel from yest close to 7-32. high 2 buy setup for test of bull high but small TTR.
33 32 high 2 did not trigger, turned into low 2 sell. but low in bull flag and ttr so risky.
37 bulls defended 18 HL, reached 23 close and took profits / exited. so far bull trend line holding but building selling pressure. TR with 23 high more likely than bull channel unless strong BO above.
38 bulls want leg 1 = leg to mm from 23-36 or 37 MG. tgt is other bull tgts such as yest 17 so possibility.
39 more signs of 23 bulls exiting, LO bears making SP. DT sell setup. ok swing but 38 rally strong compared to bear reversal. reasonable to wait for sec entry.
41 bull BO above HOD, 37 mm tgt and bull TC not far above.
42 small inside bear bar for failed BO / 41 BCX and 1 bar FF. bulls disapointed with FT. but weak SB and bulls keeping gaps open.
43 41 bulls exited BE. good bear EB but bears need FT.
45 bear FT. AIS.
47 weak high 1 reversal attempt after flip to AIS, likely SA.
49 41 bulls exiting BE on entire position.
50 high 2, bulls attempting to reach 41 close for sec time. similar PA to 27-35 but more likely to trap bulls this time.
51 outside bear bar, failed high 2.
52 lack of bear FT, bulls defending bull TL and 36 and trying to form same setup as 36. but more likely bears get test of 35 low.
56 bear BO, bulls gave up. likely heading to 35 low where bulls will try to form TR.
57 big outside bull bar, reversed prior 10 closes. bulls trying for another higher low and bull channel from 18-35, but need FT.
58 poor bull FT, but middle of TR / Channel so 50/50%. LOM.
60 small spike and bear channel down from 42. bear case weakening, unable to generate strong FT selling. Instead bulls forming HL's and defending TL. bears need BO below 35 with FT.
62 bear BO with FT, but parabolic bear leg. bears want 61 MG and test of yest low.
65 bears buying to take profits, bulls buying for scalp. bears need to keep 61 open and prices below bottom of TR, otherwise failed bear BO of TR and poss 2 legs up. bears want bear channel from 42-58.
68 bears defending 61 gap
Open: low volume again today. bull test of yest bear channel / top of TR. AIS but building buying pressure. prob will remain another quiet TR day unless prices break out strongly from yest range.
19 bears want broad bear channel from yest 43-1-7. bulls want to fill yest 43 bear BO gap, bears want to fill todays gap open and test fridays low (also bull BO gap).
20 2EMA gap bap, low 2. but middle of TR.
21 good bear EB, so far bear TL holding
22 big 2BR for high 2 / failed low 2. but forcing bulls to buy high in a LOM.
23 back to back reversals, failed high 2. but same problem for bears, entering low in LOM and where LO bears are taking profits. 3 pushes up 3 pushes down, BOM.
26 bears disapointed with FT. bulls scaling in, havent given up yet.
28 outside bear bar but weak close. bears trying hard for bear BO of opening range, forming lower highs and descending triangle.
29 bears third push down from 16, 2 legs down from 1. will prob give up soon if no FT selling.
30 another outside bear bar with lack of FT, closed as bull bar.
31 weak low 2 at bottom of TR, prob bear trap. bears want mm down from wedge if BO succeeds.
32 outside bull bar, failed low 2 / high 2 off bottom of range. bears likely to give up.
33 weak bull EB.
34 another bear trap, outside bull bar.
37 bears not giving up on bear channel, bulls lacked follow through.
38 bear BO filled overnight gap, reached mm based on 37. bears want to become MG and test of fridays low. tgt fills friday bull BO gap. but strongest bear bar since open, SCX and bear TC overshoot.
39 failed bear BO of broader bear TC. decrease in bear momentum, last STC.
40 1 tick shy of reaching 39 STC SP. prices limited by bear TC (closed right at line). mm and gap tgts just below.
41 reached mm tgt, filled bull gap, reversed. bear TC overshoot 39-40 poss 2 bar FF. bears want spike and channel bear trend. bulls want SCX and reversal / early LOD. no evidence of strong bulls yet.
43 2 strong bull bars, bulls and bears buying for two legs up.
44 3 strong bull bars with gaps, AIL. first bull tgt above 36. bears want BOPBS to opening range and start of channel.
48 weak bears shorting EMA hoping for bear flag. strong reversal, unlikely.
56 small spike and bull channel, bears holding prices below opening range but no bear SP in past 10 bars or so.
60 reached bull tgt / bear TL. 2 legs up from 41, small BCX (59). but very little selling pressure in rally and no bear SP yet.
65 sec BCX and first break of bear TL.
66 failed BO to new HOD, 2EMA gap bar, CC BCX's and first break of bear TL. bears want test of low. bulls want 63 MG, but less likely after 58 gap was filled.
67 good bear EB, need FT for AIS.
68 bear FT, back within bear TL. but failing to go very far and closed right at steep bull TL.
70 AIS, reached first bear tgt below 63 BCX.
72 bears want 72 MG or mm based on 72 spike.
Open: yest closed with CC BCX's, today opened with a gap down to the bottom of the first BCX. So far bull trend from open, no bear SP, bull micro channel. bulls want spike and bull channel from yest. but in middle of large TR.
17 first LO bear SP since open. very little selling pressure. AIL.
19 10 tick failure for stop order bears below 18. outside bull bar, reversed off bull TL but weak close. 16 BTC bulls scaled in, tested close. signs of selling pressure.
20 low 2 BOPBS sell setup after break of bull MC, but several sideways bars and shorting into low of small range. first close below EMA, poss bear trap.
22 small sideways bull flag, LOM. both sides fighting for control.
23 buidling selling pressure, bulls lacking CC bull bars. but bears unable to create strong FT. bulls may be waiting for test of TL just below.
25 bears need strong FT selling, otherwise sell vacuum test of bull TL.
26 strong bull bar, reversed all bear closes.
27 bulls disappointed with FT, still in small TR.
33 weak low 1 bottom of TR, likley BB.
37 parabolic SCX, failed bear BO. 2 legs down from 17 and yest close. prob TR with 3.
41 bottom of TR holding, bulls made SP buying below 39. bears want channel from 17-27.
43 building buying pressure. bears want to defend TL, but TR more likely.
46 bottom of TR and bear TL both holding. descending triangle. bears want 45 MG and test of yest 42 bull BO gap.
52 bulls filled 45 gap and created small gap (51). building buying pressure but no strong clear reversal so prob bear flag. back within TR.
53 strong bull BO above 44 lower high. first break of bear TL and first strong rally of bear trend. prob final bear flag.
64 BO, MG, and EG in 2 legged rally to top of TR.
85 ET (76,79,81,84,85). failed bull and bear BO's, closed in middle of range. both sides fighting for control. 50/50%
86 bear BO, but need FT. otherwise SCX and failed bear BO.
87 bulls gave up, bear BO with FT. reached near 86 MG mm tgt. bears want mm down from 86/87 spike or 87 to become MG.
88 big 2BR, bears disappointed, scaling in for test of 87 close.
90 reached 86 mm tgt, tested yest low close. bulls buying below lows / bears buying to take profits. sec SCX.
91 buy signal for SCX and 2 legs up, but weak SB.
95 bears trying to form bear channel, bull reversal failing. small converging triangle. bears want test of yest low
