$GDX looks good for a long at these discounted levels.
This $32-$30.5 Price level has confluence with the 50.0 Fibonacci retracement , an AVWAP band and a key support level.
The quarterly expiration, Inflation and Covid Stimulus package should drive demand higher.
@biofuelslaw@Biod4Schools If biodiesel was a drop in fuel then we would not see all the major companies try to expand their RD production while reducing BD production
$TSLA: Large head and shoulders pattern has formed. Any strong volume push below the large purple support level should see sub $120 prices. It has been heavily laggings its fellow mega cap peers: $META $AMZN $GOOGL. $TWTR drama is not helping either.
1/ By systematically shutting down baseload-critical nuclear power facilities and replacing them with intermittent renewable energy, Germany has left itself – and by extension, the entire European Union – vulnerable to shortages of reliable sources of electricity.
$XBI and $IWM are breaking out of their ranges in the pre market. Both have good potential upside, this should line up with XLE breaking above $90. Good R/R that the markets have a strong session upwards
$SMH $AMD Seeing alot of bullishness for $AMD on my twitter timeline. But if u back test what happens after a large bullish candle with massive volume you typically get a short term pullback. Its something to keep in mind if your trying to chase $AMD tmrw AM.
$IWM: Strong trend of rejecting the back test after breaking support. A change of this trend with a strong bullish close tomorrow should lead to a rally next week.
Trading has taught me one primal lesson
anyone who tries to fight the market cycle ALWAYS gets fucked
don't try to be the market. Flow with the market. This is even more so true for NFTs.
No matter how big your size is, your size is not size.
#Trading tip: If stock is up >3 days in a row before a breakout, be cautious. Often it pulls back and you get a better risk-reward-ratio after the pullback.
@DeLevashov Check out @alphatrends work he is the creator of the tool. Not going to sit here and pull up examples when your goal imo is to just argue with fellow traders or put them down. His content related to the tool is also far better then anything I could put together.
@Scot1andT A close over yesterdays high would show some good strength as SPY may close below its 200 sma. Def is leading the markets CF looks similar to NUE, both had wedge patterns then gap and go breakouts above the pattern.