If you can understand an H & S pattern... Broadening Formations should be no problem. Complete respect for Tom. He is a legend, but so is Rob Smith in my book. He gave us the knowledge of the why & how of the Broadening Formations!! Good luck out there, everyone! π #TheStrat
Quite a few out there, other charts below of similar BF's on the watchlist... $BKV $CRK $CTRA $EXE $FTK $GPRK $NOV $NXE $RIG
Add it below if you see any more in this sector.
Just a few Broadening Formations in the Energy Sector! These among others could get traction if $XLE takes out its Inside Quarter! Looking only at charts with BF's here in this sector...
$EOSE
Nobody knows the trouble we've seen,
Nobody knows the price of this dream,
Nobody knows what it took to believe,
NOBODY!! We just want to be.....FREE!!! πͺ π
My dream of building a little ranch in Hawaii- Realized. It's not for everyone, but it was my dream, and I held on to it for decades.
It was not easy. I literally started trading with $500 to my name. Years of ups and downs in investing, trading, business and whatever it took to make it happen. I think many would not have wanted the life I had leading up to this- the blood, sweat and tears- but to be honest, I loved the journey and most don't realize how much it snowballs from small beginnings.
Growing up in Hawaii, you inherently know how hard it is to buy land. Many years of government money printing and corruption have pushed dreams like these out of the hands of most native Hawaiians and locals alike and into the hands of wealthy outsiders. But there are still slivers left for those who respect this land and love this land.
Hold on to that dream, whatever it is. It starts as an electrical signal between a synapse, turns into a fire within you that burns no matter how dark things get, and finally, it turns into physical reality.
You enter a sunset/sunrise photo contest, what photo would you submitted?
Letβs see them!! πΈ π
A little #ThrowbackThursday fun!
Here is mine; Bench Lakes, Sawtooth Wilderness at sunset!
The sunset is hitting the leaves of Fall this evening at our homeplace with a hint of woodsmoke on a gentle crisp breeze!! π
Such a wonderful time of year!
Psalm 104:19
@RobInTheBlack didn't use volume. I didn't understand it at first, but it also became non-essential in my own trading. Been trading without it for 7 years now!! π
I've never used indicators, always just focused on price and volume. Lately I've been experimenting with even removing volume from some of my decisions and just focusing on price & I'm actually surprised how there's been no negative impact.
I'm realizing that for me now I can kind of just almost focus on price completely.
The only times where I actually feel an advantage with volume now is either:
1. If the chart is incredibly tight and volume is very very low (unusually low)
2. If the stock gaps higher on either its highest volume ever or highest volume in a year
But outside of these extremes I'm actually starting to realize volume doesn't add any extra value for me.
Big Picture View: Despite the whipsaw, #ES_F has gone nowhere for a month. Two patterns determine rest of 2025: 1) A huge triangle with 6766-80 resistance & 6580 support 2) It is Nested in a bigger megaphone.
Plan Next Week: Fill out triangle to 6732, 6760-80, dip, then breakout shot. 6655-60=support. Fail sees sell to 6580
Hey Live Cattle traders
Wouldn't you want to know if the Trump futures account shorted Cattle on Thursday
Would not surprise me
I think the Trump spec account front runs all kinds of futures/equity/crypto/fx market events
$LE_F
Pretty much all I've traded this year right here!
I know, I know... all the huge runners out there!
Cattle have been running also thoughπ€£& they are on the move again... ππ―!
Looking for them to finish the year strong!π