5 replies to this topic

[diogenes227]

From the link:

 

 

As noted before black candles create an easy read for traders as the obvious indecisiveness resolves itself- above the high of the candle, the rally resumes, below the low, it falls back. It’s that simple.

 

With this much indecision going around, and with the current swing up thirteen days old, and with 28 of the nifty-50 stocks overbought, and with all but three of the bellwether stocks overbought (and the other three already on sells), almost needless to say, it could be time for at least a dip, if not a solid drop.

 

For the charts and more discussion:

 

MARKET TIMING BLACK CANDLES

[LMF]

The trick is to spot dark candlesticks that are up days.....yesterday was one.  Those have resulted in up days 15-2 on TQQQ since Dec 31.

Edited by LMF, 21 June 2019 - 09:14 AM.

[tradesurfer]

Excellent post! thanks for sharing...  

 

Rick Ackerman saying similar possible setup

 

https://www.facebook...12972692311131/

 

 

From the link:

 

 

As noted before black candles create an easy read for traders as the obvious indecisiveness resolves itself- above the high of the candle, the rally resumes, below the low, it falls back. It’s that simple.

 

With this much indecision going around, and with the current swing up thirteen days old, and with 28 of the nifty-50 stocks overbought, and with all but three of the bellwether stocks overbought (and the other three already on sells), almost needless to say, it could be time for at least a dip, if not a solid drop.

 

For the charts and more discussion:

 

MARKET TIMING BLACK CANDLES

[diogenes227]

From the link:

 

 

As noted before black candles create an easy read for traders as the obvious indecisiveness resolves itself- above the high of the candle, the rally resumes, below the low, it falls back. It’s that simple.

 

With this much indecision going around, and with the current swing up thirteen days old, and with 28 of the nifty-50 stocks overbought, and with all but three of the bellwether stocks overbought (and the other three already on sells), almost needless to say, it could be time for at least a dip, if not a solid drop.

 

For the charts and more discussion:

 

MARKET TIMING BLACK CANDLES

 

TQQQ, UPRO holding up in consolidation, TNA breaks down...

 

[diogenes227]

From the link:

 

 

As noted before black candles create an easy read for traders as the obvious indecisiveness resolves itself- above the high of the candle, the rally resumes, below the low, it falls back. It’s that simple.

 

With this much indecision going around, and with the current swing up thirteen days old, and with 28 of the nifty-50 stocks overbought, and with all but three of the bellwether stocks overbought (and the other three already on sells), almost needless to say, it could be time for at least a dip, if not a solid drop.

 

For the charts and more discussion:

 

MARKET TIMING BLACK CANDLES

 

Moving the stops to the bottom of the boxes, on TNA to today's high, 58.90.

 

 

[diogenes227]

Taking TNA/TZA off the table at plus 7.5%.