Market Micro Learnings

Chart focused stock market insights.

Disclaimer: Market Micro Learnings posts are for education only—not financial advice. Trading involves high risk of loss.

[Market Micro Learnings @MarketML]

I’ve been observing the market quietly.

I wanted to finish this post after about a week’s worth of trading.

If the stop loss was set at that line, then re-entry planning should come into effect. The question is… is it still a reversal or is the whole setup about to be invalidated?

I’m still leaning that this is a good range and believe a reversal is in play, but I’m willing to let go of that if it continues under the last demand line.

There are many ways to play it: re-enter now and set the stop loss at the demand line; wait and enter at the demand line with a stop loss an appropriate percentage under it; or take a more conservative approach by waiting for the next line(s) above for better confirmation.

Remember we are under the major moving averages, so understanding that this could still fail is definitely on the table.

Also this post isn’t to shill this stock. I don’t care who buys it. It’s more of a discussion relating to having a strategy before making a trade. There’s a lot of strategies out there and there’s also a lot of good setups out there!

Do what’s best for you and not me.

[Market Micro Learnings @MarketML]

Today was a rough session for several stocks, but $SMR (NuScale Power) stands out because I’ve charted and traded this company.

***Lengthy Post Warning***

The stock experienced a meaningful pullback that was large enough to test traders conviction.

To manage the volatility, I outlined a white box on the chart representing the trading range where I would plan my entry. More importantly, I wouldn’t enter at the very top of the box. Instead, I would try to make entry towards the lower side. This approach reduces the risk of taking maximum loss on any single swing while still participating in the setup (the box).

$SMR remains trading above both its 9-
day and 20 day moving averages. On the 2 hour chart, you can see the candle bodies consistently hovering near the 9 day MA, showing the stock is still finding some footing in that area.

The pullback itself wasn’t surprising. As price approached a clear supply wall (what we can also refer to as a near-term ceiling), resistance was expected. That level also coincided with the 9 week moving average, adding another layer of potential selling pressure. Tagging multiple resistance areas at once often leads to exactly this kind of reaction.

Meeting resistance is a normal part of trading. Especially in volatile names like $SMR. What matters now is how price behaves within the white box. I’m watching to see if the lower boundary of the box holds as support. There’s no guarantee, of course, but that’s the level I’m using to test my conviction.
If the stock breaks and holds below that demand line, I would likely exit the position and look for a higher probability reentry later rather than holding through an invalid setup.

Of course risk management needs to be said here and stop losses should be placed where you see fit.

[Market Micro Learnings @MarketML]

I like that Bitcoin $BTC has a clear falling wedge and the 200 day sits inside.

The only question now is whether the wedge has finished forming or if there is still more pain ahead.

As I mentioned before, I’ve had my eye on lower targets, but I wouldn’t hate if it made this range the floor.

[Market Micro Learnings @MarketML]

@DeItaone Okay, so can we go back to pumping or are we waiting for Space X to give the signal?

[Market Micro Learnings @MarketML]

@DeItaone There it is

[Market Micro Learnings @MarketML]

I would like to mention I made a mistake relating to the moving averages. I had my screen brightness turned down and my averages mixed up.

Here’s a zoomed out chart for $SMR using the daily. You can see it being rejected at around the 21 week and then bouncing off the 20 day & 9 week moving averages as support.

[Market Micro Learnings @MarketML]

Today was a rough session for several stocks, but $SMR (NuScale Power) stands out because I’ve charted and traded this company.

***Lengthy Post Warning***

The stock experienced a meaningful pullback that was large enough to test traders conviction.

To manage the volatility, I outlined a white box on the chart representing the trading range where I would plan my entry. More importantly, I wouldn’t enter at the very top of the box. Instead, I would try to make entry towards the lower side. This approach reduces the risk of taking maximum loss on any single swing while still participating in the setup (the box).

$SMR remains trading above both its 9-
day and 20 day moving averages. On the 2 hour chart, you can see the candle bodies consistently hovering near the 9 day MA, showing the stock is still finding some footing in that area.

The pullback itself wasn’t surprising. As price approached a clear supply wall (what we can also refer to as a near-term ceiling), resistance was expected. That level also coincided with the 9 week moving average, adding another layer of potential selling pressure. Tagging multiple resistance areas at once often leads to exactly this kind of reaction.

Meeting resistance is a normal part of trading. Especially in volatile names like $SMR. What matters now is how price behaves within the white box. I’m watching to see if the lower boundary of the box holds as support. There’s no guarantee, of course, but that’s the level I’m using to test my conviction.
If the stock breaks and holds below that demand line, I would likely exit the position and look for a higher probability reentry later rather than holding through an invalid setup.

Of course risk management needs to be said here and stop losses should be placed where you see fit.

[Market Micro Learnings @MarketML]

@colin_gladman “Peace” - Bitcoin

[Market Micro Learnings @MarketML]

$BTC Bitcoin is guilty.

[Market Micro Learnings @MarketML]

bitcoin:native Bitcoin is falling out of the wedge.

I’ve never removed the fibs for this reason.

Yes, there’s still time for it to flip the script, but it’s guilty until proven innocent.

[Market Micro Learnings @MarketML]

$AMZN Amazon is holding at the 9 week moving average.

It’s still a little early, but it has this possible flag pattern building out.

Which is bullish 👍

[Market Micro Learnings @MarketML]

bitcoin:native Bitcoin is falling out of the wedge.

I’ve never removed the fibs for this reason.

Yes, there’s still time for it to flip the script, but it’s guilty until proven innocent.

[Market Micro Learnings @MarketML]

$STZ Constellation still forming the cup & handle.

[Market Micro Learnings @MarketML]

$STZ Constellation Brands: Is this a long reversal, or is it creating an inverted cup and handle?

The first picture shows that, long term, it created a cup.

The next picture shows that, short term, it had a nice reversal and started forming a wedge. Rising wedges typically fail unless the stock is not as bullish as it appears.

Currently, it is right at the 200 day moving average. I would like to see if the 200 day acts as support over the next month.

I would like to add that the 9/21 weekly cross hasn’t been crossed in over a year.

[Market Micro Learnings @MarketML]

$ACHR Archer Aviation

The volume may not be lighting up, but it is increasing from its previous weekly closes. I want it to make that 21 week key support.

[Market Micro Learnings @MarketML]

$SMR Nuscale Power

Sometimes, just keep it simple.

I want to see it take that supply wall as it takes on the 21 week moving average.

[Market Micro Learnings @MarketML]

$CIFR Cipher continues to rise 👍

[Market Micro Learnings @MarketML]

$SYM Symbotic

Which pattern is going to play out?

I see the volume is picking up. 👀

[Market Micro Learnings @MarketML]

$COOK Traeger continues breaking out from the falling wedge.

That $75 supply wall is the current obstacle. I didn’t catch that on my previous post.

[Market Micro Learnings @MarketML]

$COOK Traeger

Another great setup playing out. I don’t have it marked, but $75 and $105 area are both walls for it. It doesn’t mean it won’t break those walls. I’m just telling you where to expect resistance and/or support.

[Market Micro Learnings @MarketML]

$EU enCore energy is still in a falling wedge.

I’m keeping a close eye on it to see if it wants to break out.

[Market Micro Learnings @MarketML]

$ETH Ethereum

Where’s the buyers at?

[Market Micro Learnings @MarketML]

$DUOL Duolingo is in a rising wedge, but it will only play out if this stock remains bearish.

It’s at a good spot here. I want to see it hold above the $113 level and try to make a pass at the 21 week.

This stock has had a major pullback but is now taking control of the 9 week.

I like this look for a bullish reversal

[Market Micro Learnings @MarketML]

$DUOL Duolingo may have finally found a bottom.

This company has had such a pullback that I am tempted to bite. That volume candle is so large that I don't know if it's real or a glitch on my end. It landed right in a solid liquidity zone, and I believe smart money may have entered here.

I am not a big Elliott wave advocate, but I like to use it when charts look like they are forming those waves. If I am right, this might have finished the ABC correction ending on C, which pulled back so hard that I don't even track a Fib level where it landed (.90+ Fib).

If you are a diehard Duolingo investor, feel free to share your thoughts.

[Market Micro Learnings @MarketML]

@MirgoTrades Yes, the last two days look great!

[Market Micro Learnings @MarketML]

$PTC is still on my radar.

It still might be too early to tell if this is the range it wants to trade. I just have it marked until proven otherwise.

The weekly’s are closing in on it if it holds this range.