AdamGoodwin

AdamGoodwin

I'd be surprised if the PA follows this trend line all the way down to the Lesser Golden Pocket, but I entered a short between 9450 and 9560 and I am hodling down as far as the evidence tells me it will go. It sure would be nice to surf this trend line down over the next 2 days down to the $8750 level, but I'll take whatever low level the market is willing to...

AdamGoodwin Updated 

This is six times now that we've interacted with this trend line. Our latest $1K+ run-up since last week has been parabolic; volume is diminishing; RSI is in overbought territory--I think there is a good probability of a retrace down to one of the Golden Pockets identified on the chart. The Lesser Golden Pocket is measured from the run-up starting around $8265,...

AdamGoodwin

Pay attention to the white trend line! Don't get over eager!

AdamGoodwin

We just broke out of an ascending triangle. Could come back and re-test the top of the triangle (~$8130) before moving onwards and upwards. Plausible upside target is around $8500+. Notice the diagonal trend line that acted as resistance to the previous high. We could go as high as to test that, and If we break that to the upside, things are gonna get crazy....

AdamGoodwin

Well, my stop was hit, and now I think we're going back to test the $8000+ levels. We passed through a critical support/resistance area, and now we see just how much energy the bulls have.

AdamGoodwin Updated 

Don't be faked out to the upside. I doubt we're ready yet. Calm yourself, breathe deeply and set your stop losses accordingly. It's my opinion that we have more downside before we go up again.

AdamGoodwin Updated 

Significant upward resistance met at 7900 after violent reaction at filling the CME gap. Check tensorcharts. This could be a bull trap. I missed my previous target and was stopped out while I was sleeping; however, I've re-positioned my short and I am still targeting the downside.

AdamGoodwin Updated 

I have amended my target from the 1hr 200MA to the daily 21EMA. That seems like a more solid target, which also happens to coincide with the neckline of the inverse head and shoulders that some didn't want to admit was forming (since it was so messy).

AdamGoodwin

Targeting the 200MA.

AdamGoodwin Updated 

Targets are just below the daily ichimoku cloud and at the PoC on the visible range (around 29435), and just above the cloud at 31841.

AdamGoodwin

I think we'll see how this plays out in the next hour or so. Safe trading!

AdamGoodwin Updated 

Target at .382 level.

AdamGoodwin Updated 

Could resistance be transforming into support at this level? Do we bounce of this boundary?

AdamGoodwin Updated 

Could this diagonal line, which exhibits a high-degree of symmetry, be our short-term pivot point?