Same 'ol topping pattern, followed by a down day or two

14 Apr 2021

I feel like I'm in a loop and unable to take advantage of the tops when they occur, and it is definitely something I am working on mastering before our final top of the bull run. Seems the final hour of the session with a red doji candle is an indicator to look for. At one point in today's session, we came off the low a couple of percent and that would have made a good time to pull back some position as well.

As it was, we were down 6% or so today, likely down more tomorrow. If we really are going to push further down, the lower trend line makes an obvious target to pick up more position.

Not trading advice, just letting you know what I am trying to master before the last ATH. Trade safely!

16 Apr 2021

Nota

Predictably, lots of hype, topping as previously, and gapping down.

A safe trade would be to scale back here. However I am going to add some position. I can say however that it is more likely we touch the lower trend line Monday and then reverse back up. This is my point of view - not financial advice whatsoever.

19 Apr 2021

Nota

As if by magic.



The question is though, is this a down Monday and from here we work our way back up? Based on prior action, the answer would be yes. This of course is not financial advise. Trade at your own risk.