ABC structure creating a bearish cypher C wave short
I hope it all makes sense now... C wave short set up, gives way to the Bullish cypher short to D leg around 394.00 everything is connected.. I wanted to make this a separate chart to better illustrate the viewpoint/educational .. Im looking to short C wave to 394 area.. This is a bear trap set up. From yesterdays sell off to 407.5-408... I bought the dip and will flip to bear mode soon.. will keep you posted
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we continue higher to 417, unbothered by Fed Decision. Only trust the Money Flow and The AD... The rest is noise. This move is confirmed
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from time to time I also use MA cross over strategy ... Here you can see my favorite 18 ema/50ema cross over... it also confirmed the short yesterday. Im looking for the 18 ema to cross over pass resistance area to cause another short squeeze. I can also see this on the higher time frames
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that 18/50 ema bearish cross gave a short signal well before macd/cmf... If you trade lower time frames you can use 3/5/15/50 ema set up
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on 1hr time frame, im looking for the 18ema cross over the short signal (red arrow)
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they can shake the branch all they want im not selling... look at the Accumulation Distribution/ MACD cross set up on the 1hr squeeze time
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Trying to throw a monkey wrench into my trading plans. Still holding my long position I established earlier today, will see if this bullish cypher is confirmed tomorrow. we're near the zone I closed my short and took profits on Tuesday. B leg of the bearish cypher pattern . I will sell w/ a break of 403.50..
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I pointed out this Triangle a few days ago on the sp500 futures. We're oversold on both the 4hr and the Daily time frames. However, the weekly is overbought. Its currently resting on B leg of the bearish cypher
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Both the AD & Stoch RSI have bottom on the 1hr time frame yellow box (bullish set up)
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looking at the 15min chart of spy etf. You'll also see that both the Stoch RSI & The AD bottom at the same level (bullish)
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on the 15min chart I can see the stoch rsi is below the cloud, which is bullish.. Its not about being right or wrong just be profitable... Do I see everything, No I dont. but I would say I see about 90-95%... which is why im always checking multiple time frames, and checking for multiple patterns and invalidations...
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demand zone yellow box
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gotta love futures trading, less noise, less traders . got this straight off the bottom
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need this bullish momentum to carry over to the premarket.. a lot of folks holding puts and shorts....
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I moved to a higher time frame on the futures. I would love to wake up to a 4126 retrace on the futures during premarket force a lot of folks to cover
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what im focusing on the futures... this cup and set up.. I'll show the AD on the next chart
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bounce from the .618 fib, price action needs to be above 4102. Im looking for previous resistances to act as support on the D leg. Im not saying we retrace back up to 4321.. but this is inside the triangle on the spx500 futures... I could sell my spy position now for profit but still holding. a strong rejection is going to send this back to the .50 fib level 3946
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for those that say I dont use volume. this is my volume, The AD... Look at this box consolidation...
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look at the AD volume on the close yesterday.. yellow lines are spike levels
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now I overlay the AD w/ the price action and run fibs
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and just track the AD going up or down through the key fibs. At the Close yesterday, it hit the .236 fib The AD will need to cross over .618 fib level of 409.99 and price action likely follows. and this is just the 1min chart...
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going to test this theory today and see if it plays out. both double bottom in price action w/ double bottom ichkou spann
have a great day ladies/gentlemen
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just beautiful at least 4160 test
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if we get the 18/50 ema cross set up by the AD on the 30min chart, we push to 415 and i'll take profits
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chart w/ indicators on
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taking profits here, i'll look for my short set up over the next week or two... not a bad week, was some roughness at the beginning but we up nicely.. Not about being right or wrong just be profitable. And we're just that PROFITABLE
