Skip to main content

Number of significant possible big bear signals recently. Let's recap.

Hopefully everyone spotted the HoooleyProfit signal. Making an OP about how dumb they think HP is 2 weeks ago.

https://preview.redd.it/2wqd7wz2mb6a1.png?width=1915&format=png&auto=webp&s=5ea30281395f8be8315415846f1919520055bb67

HooleyProfit has went from telling people to get all cash at 3700 to saying HP could have "Quit while they were ahead" when it was 20% down. Was no need to keep saying bigger percentages. With respect, Hooley may have quit while they were ahead in 2021.

This is not about "I told you so". It never was. It's always been about tracking the signals and explaining how they form or fail. Ways to make trade plans around that. As per the signals discussed, we've triggered bear signals rather than some arbitrary "Called it" percentage.

​

Let's look at the signals:

​

The 161 retested. An area that's always been given as the critical decision level for the macro trend.

https://preview.redd.it/78r1kcoumb6a1.png?width=1920&format=png&auto=webp&s=723d702cb4b383b1854ab9c09285052b1c42b6d6

DJI hit the 76 fib. Most classic bull trap level. The odds give this as the worse possible time to be bullish into a 76. If the 76 breaks, usually it retests and you can enter the same price with much less risk. Bullish into 76s can set you up for a rug pull.

https://preview.redd.it/g98k6lszmb6a1.png?width=1906&format=png&auto=webp&s=8d0031f571ea9d7d3d9513670d51c7fc56864e2e

Other international markets similarly met their big 76s.

https://preview.redd.it/885jtxebnb6a1.png?width=1908&format=png&auto=webp&s=fd605f991825e93e23b23a5884da3ade04309fc5

If this was all a bull trap, that's the end of it.

​

​

https://preview.redd.it/rb9bjfbnnb6a1.png?width=929&format=png&auto=webp&s=f203d4bbc0cad48ac97cc75719f7da553cde9151

All the classic tell-tales.

https://preview.redd.it/ttbowp9rnb6a1.png?width=1917&format=png&auto=webp&s=f58a8ef469b2e5a04f2b426441a8c293543b5796

Read more about how short-term action compliments bear thesis on the swing resistances.



via reddit https://ift.tt/BQbREkt
Labels:

Comments

Post a Comment

Popular posts from this blog

Things to know about Forex

We're going to start posting more about Forex setups and opportunities. The Forex (FX) market is not well understood by all, so here's some important things to note if considering FX trades/strategies. ​ The Forex market is a trader's market Forex markets are not easy, but they can be worth it. The FX markets are by far the largest of the available markets to trade. Usually here people quote how many trillion a day is turned over in the FX markets but I've not looked it up recently and it really does not matter - the real underlying benefit of the size of the Forex markets is the spreads (Fees) are very low and it's easy to trade large positions. A negative laid against the FX markets is there's a history of banks being fined for manipulating them. My viewpoint on this has always been if there's manipulation there's design. Where there's design, there's opportunity if one can work out enough about the design to create some betting edges. Fo...
Post a Comment
Read more

Bear have more of a case here (But only with a small area of risk).

We’ve not seen anything notable bearish of late but we are now getting back into the sort of zone where we’d be likely to see bears if it is indeed the case we’re in a shallow bull trap on a weekly/monthly chart. Bears have not yet broken (And they might not) - but this is a time to be aware of the risks and where there’s again reasonable odds betting on a big bear move. Real further analysis and actionable break levels here. Bear break contingency plans - by HoleyProfit (substack.com) ​ TLDR: Short 4160. Stop 4179. Trail stops on longs to protect profits. via reddit https://ift.tt/zL2huGX
Post a Comment
Read more