Today’s Gap and Volume Profile Buys
Daytraders can have more confidence in the direction of the market when they look for these patterns.
Daytraders can have more confidence in the direction of the market when they look for these patterns.
Bullish setup zone in ISRG… your risk is defined on a Weekly and a 15 minute.
What are the patterns that give me an edge when I am determining Directional Bias and breakout levels?
Some weeks are going to present events that lower the probability and predictability of the patterns we watch for.
In this video, we look at the sell-off today and what it may mean for the overall market. We look at levels of support and resistance and try to make heads or tails out of the recent price action.
We’re seeing a setup in the indexes to retest their falling 21EMAs, or reversion to the mean. If that happens, there are some stocks we want to focus on like LEN, LULU, and UPWK that have strong setups to play higher.
The market indexes have patterns to revert and retest the means, 21 daily EMAs, but the backdrop is not all rosy. There are some yellow flags in the market in some very important areas, but there are also signs of higher prices first. Let’s dive in and review both the good and the questionable as well as some stocks with setups till week’s end.