Looks like a reasonable place to long, pattern completion, around key support, consumer staple in face of recession... ill try.
코멘트:
First target here is 15 to 1 reward ratio.
코멘트:
VERY conservative targets are still high risk reward, at the 236 and 382fibs... if youre a pussy.
코멘트:
Not feeling volatile enough for a bottom.... maybe it gaps up tomorrow but im sticking with my spidey senses that this is going lower.
Im out... break even minus ripoff trading fees.
Im out... break even minus ripoff trading fees.
코멘트:
So if this doesnt hold, things get really ugly IMO.>>>>
코멘트:
Now were starting to get some structure.
I would be a buyer of a pull back, which i think is likely. perhaps not new lows, but yeah, will watch rsi for an entry.
I would be a buyer of a pull back, which i think is likely. perhaps not new lows, but yeah, will watch rsi for an entry.
코멘트:
So that was the pullback, stoploss 33.20
no idea if this is the bottom but it very well could be...
no idea if this is the bottom but it very well could be...
코멘트:
I didn't allow stop loss to activate, instead I doubled down at 33.08..
Also bought some dominion energy.
Also bought some dominion energy.
코멘트:
Why? because of heinz compared to XLP. Not only do i believe heinz is at support on its USD chart, but also vs XLP.
코멘트:
I added even more down here.
so the wave structure looks like a 5th wave completed... as markets move down it is showing strength now and moving up. Inversely correlated as it has been all year, but now it is a good inverse correlation lol.
so the wave structure looks like a 5th wave completed... as markets move down it is showing strength now and moving up. Inversely correlated as it has been all year, but now it is a good inverse correlation lol.
코멘트:
This specific double bottom pattern on XLP / XLY has been ingrained deep in my brain. I will never ignore it again.
XLP is consumer staples vs XLY consumer discretionary.
XLP is consumer staples vs XLY consumer discretionary.
코멘트:
Also looking for KHC to outperform energy/oil during this time, at least for awhile.
코멘트:
Low timeframe wyckoff?
코멘트:
Exited 33.64 for reasonable profit. Looks like this may break the lows, will know soon. keeping an eye for more long opportunities.
코멘트:
Prefer we go to 32.80 at least before i buy anything.
if it doesn't get there i just miss the boat.
potential inverse H&S forming low time frame.
if it doesn't get there i just miss the boat.
potential inverse H&S forming low time frame.
코멘트:
The recent scam pump changed everything.
new view.
new view.
코멘트:
I have realized my mistakes, i made money elsewhere so im getting back in around the same price i got out.