@RealSimpleAriel@jfsrev@Clement_Ang17@OliverKell_@CFlanders7 hesitated at yellow arrow due to low volume in the last week of Dec, QQQ big red candle on 2nd Jan. I should have started with a position and then addon 6th Jan. Do you look at lower TF-say hourly;even if it is a bit ext on daily. how do you decide if the stock is worth the risk
$SOL Weekly: Inverse H&S
200W SMA = bottomed
100W SMA = confirmed trend
50W SMA = support retest
Currently reclaiming structure — breakout > $210 could ignite the next macro wave.
$COIN: think it might be setting up now slowly, wedge pop today however there was no tight areas or pivot, so will wait for the EMA cross back to look for an entry.
$SOL: keeping an eye on it now. Weekly- Higher Low structure, support at 200WK SMA -> 100 WK SMA ->50 WK SMA. not in a rush here though, might start a position on how it behaves around 20 daily EMA.
$MU: probably need some weeks of basing for any significant move up , ~50% move up for this leg on daily (Aug low), inside bar on daily, will let it go even if it moved up through inside bar high. 2nd weekly extension from the April low move. @OliverKell_
@i_manage_risk@TraderFlorida Don’t think so, I was thinking no big red bar and pullback on low volume. Showing RS if market is pulling back. However would like to hear more from @TraderFlorida
@TradingIdeas13 I took a position on 26 Aug at the gap up and sold it 29th Aug at breakeven. kept an eye on this and got interested when it made higher low on 5th Sep. Overall Volatility was contracting 8th Sep it made a narrow range bar, and bought it on 9th Sep at the TBA line-prev day high