Paper hands and diamond hands are both traps. One cuts winners too early. The other turns small losses into big ones.
Cut when youโre wrong.
Hold when youโre right.
Risk defined before you enter.
#Trading
$NBIS monthly: Bulls got the measured move of the 2025 leg up - showed strength. Price now pulling back as bulls take profits.
A good buy below the last strong bull bar (or in its bottom third) and another push to test the ATH looks likely.
Not financial advice. Price action only. ๐
#PriceAction #NBIS
$IREN update:
Big gap up to start the week, but found sellers above the last bear bar.
As mentioned last week, after 5 consecutive bear bars the first reversal is usually minor. Bears remain clearly in control.
This week is a bad buy signal for the bulls, expect price to test lower until buyers show up.
Next target for the bears is the IPO high that was broken last year and never properly retested. Downside may be limited with the monthly MA sitting in the way.
Not financial advice. Price action only. ๐
#IREN #PriceAction #Stocks
Becoming a trader changes you. You start having less in common with the people you grew up with. A lot of them donโt support the pathโฆ while strangers online want to see you win more than they do. Keep going! The vision is yours, not theirs. #TraderLife
$TE update:
Chart formed a parabolic wedge with 3 pushes up, running from under $1 to $12.50 in one year.
It looks like the 2-legged correction is underway, with the first leg implied and the second leg still in progress.
Bulls want to defend the April low. Bears who sold the March candle close are trapped and likely to exit at break-even.
The monthly moving average is approaching and could soon offer support with buyers below.
Bulls will look to test the breakout point and close the gaps above. Upside may be limited for now, as the current bear leg is strong enough to support a second leg of its own.
Not financial advice. Price action only. ๐
#TE #PriceAction #Stocks
$ONDS update:
Bulls managed to print a bull bar closing above its midpoint for the first time in 8 weeks, but it came with a large upper tail.
Bears took profits after reaching their measured move target from the strong sell signal in June. The chart now needs a 2-legged pullback before bears are likely to sell aggressively again.
A test of the MA looks obvious, with sellers above the last strong bear bar and resistance between $9โ$11.
This week can be viewed as leg one, with an implied pullback and leg two toward the MA.
The 7 weekly bear bars remain strong enough for a second leg down once the correction finishes.
Not financial advice. Price action only. ๐
#ONDS #PriceAction #Stocks
$OSCR monthly update:
One more week of trading before the monthly candle closes.
Bulls managed to break above last monthโs bar but are failing to keep the momentum after the 200% surge since April.
3 consecutive monthly closes is a clear change of behavior after more than a year in a trading range.
Strong enough to support a second leg higher to test and potentially break the ATH.
Bulls want to keep the gap open and close above last monthโs high.
If bears succeed in printing a bear bar, it would be the first reversal attempt after a strong move up (low probability). Bulls are likely to buy it and run the bear stops.
Not financial advice. Price action only. ๐
#OSCR #PriceAction #Stocks