Here is a better break down now that I am in front of my computer. Drip Levels @TheRealDrip2Rip always tell the story before it happens. If levels Prior Market open or after market open have not reclaimed or confirmed strong. WAIT for your trade setup to tell you what it will do next. 6:10am drops, Market open stayed above PDL and new Pivot Level but did not reclaim anything fast. That means wait until we get confirmation. 8:20 to 8:35am we got bullish and broke 2 levels, Ghost & GEX, Retest Ghost nicely 9:15am, 9:50am Bullish break above GEX, LO.L AS.L. Swept LO.L & AS.L Retested GEX for entry for Trade 1 buy as close as possible to level. Stop 3-4pts below GEX Flip, 10:20 took off and broke bullish to TP 1 and 2. Patience for best setup is Key to winning with Drip2Rip Levels. ✅Keep it mello ;!) Let it Drip & Rip 😎🔥
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While a support or resistance level is being tested, they will often the get pasted for a short time or a wick on higher time frames.
To zoom into the 1min and wait for it come crawl back over the gamma level to get a close up engulfing candle right on the support line for entry. Talk about sniping.
Happy Friday Thank @TheRealDrip2Rip for GEX LEVELS as they play a very important key role for your trades. I'm breaking this down on a 5min Chart to fit the whole day, Go look at the areas I'm showing on the 1 min, it will be very clear. We are reading these details after Open so the GEX levels update and use them as the new setup. Prior Open on the left, Swept AS.L, LO.L, & PAIN Strong push to CALL & break above. Open: Break above CALL wall again, Trade 1 retest CALL 6:50am was ideal entry, It went my 6-8 Points didn't take profit as I wanted to go to next Level, dumb dumb its Friday I should have take my profit, hit my stop. Look at beauty Trade 2 Swept London Low, PDH, Midnight, Confirmed above URZ, EMA's are still open and up, remember we are still above GEX and market is strong. Trade 2 was the best setup all the way above CALL wall targeting open high!!! People asked how to avoid CHOP. Trade 2 you should have been done. 8:30-10:20am before Trade 3, almost 2 hours of CHOP. Look at how it never got near CALL wall. you want to win the CHOP. you buy as close as to the CALL as possible. Stop 3-6 point below Call depending on your drawdown. if you took too soon and couldn't wait no patience, it never touched CALL. if waited to buy near CALL, 5-10min later 10:20am Trade 3 pops to UEZ. More so ever I see trades :50 to :10 and :20 to :40 time. (20 min window every 30min). End of day there was a Trade 4 @ 12pm. EMA's were getting tight which again stay away from CHOP 10:50am to 12pm, EMA's were squeezing. Once lost CALL wall EMA's crossed the retest to CALL was the Short with 2-4points stop above CALL wall. why? we are still above GEX we could have shot back up. Tight entry tight stop but the trade worked beautifully. However Trade 2 you should have been done even if you entered a little late market was strong. On the 1min you will see the entry areas much better and helpful to make decisions on confirmation & the retest. Beautiful setups. I should go live man lol, Have a blast weekend✅Keep it mello ;!)
Above the VU trigger, dealer hedging flips from defense to chase. Below the Call Wall, dealers were selling shares to hedge their short calls. That selling was the ceiling. Above the VU, those calls are deep in the money and the math reverses. Now they have to buy shares, and buy more with every tick higher to stay neutral. The flows that capped price are the flows fueling it. That's mechanical obligation, not momentum. Dealers are getting hurt up here and want price back under by any means available. That's where their book gets neutral and the bleeding stops. From here it plays out three ways. Price pins sideways near VU while charm decay bleeds gamma out of the system (dealers don't need to push price down, they just need it to stop going up). Price continues higher and the squeeze accelerates as every push forces more buying, or price closes back under VU, the forced buying stops, and Max Pain gravity at $292.50 reasserts itself into the close.
Above VU...you're trading the dealers inability to stop buying, and the clock is working against them.
Wait til people find out about Carnegie
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