My basic guide to trend analysis on weekly charts. Bars 1st TF, yellow line 2nd TF, Blue line 3rd TF, that's my base. I'll pull to intraday at specific levels or on high volatility setups. Patterns are edge.
Stanley Druckenmiller:
“Life goes in streaks. And like a hitter in baseball, sometimes a money manager is seeing the ball and sometimes they're not.”
When investors are down, they tend to get aggressive to win it back. Druckenmiller: “One of my most important jobs as a money manager was to understand whether I was hot or cold...”
“In my opinion, when you're cold, you should be trying for bunts.”
USAR
- Getting pointy, nice PA with vol confirming the 1st TF trend.
- Price compressing albeit in a pretty volatile way.
- That midline would make a good R/R entry long (20.00) if it pulls back. Otherwise, a break out from the pattern is your signal.
PLUG
- Sleepy happy face pattern
- 2nd TF trend
- No 3Rrd TF trend (just to be clear you can still trade off 2nd TF trends only)
- So many names setting up