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Diupdate

double bottom by the AD w/ AB-CD bull set up

Bullish Double bottom by the AD
Also have a triangle breakout set up by the Wave trend
Price action was looking for a double bottom to make the AB-CD valid. Looking for a retest of the C leg of this pattern which I have at $432.00

Catatan

price action set to close near/above the 1.618 fib

Catatan

Price Action set to close near/above the 1.618 level very bullish close imho

Catatan

the Bullish AB-CD set up I was monitoring from last night that I mentioned. we closed above the double bottom area. I didnt think the AB-CD pattern would be valid w/out the double bottom and a bullish close near the 1.618 we got that today

cheers

Catatan

im bearish on the 10yr treasury, a decline in yield is bullish for commodities & equities

10yr yield set to drop. Bearish AB-CD pattern

Catatan

this is not a bear flag, this is an Inverted head and shoulders pattern on the 5min chart. This will continue to the higher time frames, til there is an invalidation of the trend. The AD has already confirmed this pattern. expect more volatility as the pattern continues to higher time frames. i.e. bigger price swings. I anticipate this carrying over to NY Premarket Wednesday trading session. more whipsaw action to shake out bulls. cheers!

Catatan

power of the AD & Money Flow

Catatan

as anticipated the usd fell (here is the live chart from last night)

AD showing a Double Top but base building

Catatan

click the link above to view the live chart.. here is a snapshot of current price action. likely falling to bottom of channel. bullish for equities and gold/silver

Catatan

also 10yr was a dead give away during futures trading session

Catatan

stealth inverted head and shoulders

Catatan

this can then turn into a cup and handle pattern

Catatan

if scared or nervous buy the handle breakout

Catatan

I know some were scared to hold after the open. if you in good profit, you should always be trying to protect it.. not up to me to tell folks when to sell. having said all that.. lets see if the retrace back to the 421.50 holds.. im looking to add more at that level.. not trading or investing advice. do your own due diligence

Catatan

if this bear flag remains valid, price action should fall under 422

Catatan

added more, gave myself some time on the expiration dates... good luck everyone

Catatan

study demand zone buying

Catatan

waiting for price action to clear supply zone now

Catatan

patiently waiting to see if this forms into an inverted head and shoulders pattern, that the bears are shorting into...

still holding and want more

Catatan

bulls just need one more $1, thats it

Catatan

I ment 422.66... Lord Jesus, I'm working too hard and need some rest... trade is on auto pilot now we're above 422... Im taking an early lunch get some rest, and be back during power hour. forgive the typos. Cheers

Catatan

ok now I rest

Catatan

took profits here

will be monitoring for another entry .. protecting profits

Catatan

will monitor for entry later

Trading ditutup secara manual

Catatan

dont be greedy, bearish divergence... could get this cheaper tomorrow

do what you want w/ that info. cheers

Catatan

im out of the short and in cash position. if this closes above the .618 (bears have to defend) could cause a short squeeze and reopens the door for 426-429which will make this trade set up active again. however there is a flip side. let me show you 2 charts!

Catatan

see the desc. triangle set up by the AD..

Catatan

now look at the price target when I overlap price action. I get confirmed 417.50.. this is why im in cash now. because i'm waiting to see if the bulls can close price action above the .618 fib, if so makes rolling the puts out much cheaper... hope this makes sense to the question in the comments below

Catatan

let it run up so i can short it again

Catatan

making money both ways look at that bounce and the rsi is not overbought yet...

Catatan

in here w/ big shorts

Catatan

see you good folks Monday, I'm out. I layered in enough puts.. looking for $417.50 next week

moneyflow_trader

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