$VPRX - Timing not ideal, pullback not deep enough, long time in the shelf....still lots of rigging to unfold BUT it has elements of HOD clearout. Not trading it (can't actually, regsho)...just observing.....
First target hit in this 8.15 supply zone Don't be surprised if a bounce happens here....still super early in the day, plenty of time for riggers agenda to unfold.
Critical point for price action....flush and shelf...it if reclaims $9 then potential for nHOD push. You need this microshelf to NOT reclaim for more downside $7 target
Watch VOLUME closely here...if it comes in within the next 3-10 minutes that could be the squeeze. The $9-to$8 flush wasn't on tons of volume = short trap.
Drill way down...this candle is example of possible short trap. Paint it so it looks weak attracting more shorts, watch the reclaim and rip
Here's the squeeze as expected. Trendline break, weak flushes reclaimed, VWAP break...and increasing VOLUME. nHOD would be the target
nHOD target achieved as scripted. Now watch for basing in the 10.50-11 level. This is HEAVILY rigged so careful if shorting....let is show it's hand first...still plenty of time to unwind later if that's on the agenda
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🚨 PM Quiz: $TKLF is top gapper and it's creating a very specific Supply/Demand pattern, and thus a very specific Demand Zone. So 3 questions for you....(1) what pattern is it?, (2) where is the Demand Zone, and most importantly (3) how can you use this to create a plan?
SPOILER (Answers). (1) Pattern is a Rally-Base-Rally, (2) current Demand Zone is that 2.05-2.11 area, and (3) here are a couple of ways you can approach trades....
🚨 Keep an eye on $DDL for testing HOD. It's a larger market cap / float than most rigged names, but it's showing it's structure. It'll need VOLUME soon and can't first break 5.80s Demand. Not trading it but will be watching.
Flags near VWAP = early indications of buying possibly coming in. Watch if flag breaks WITH VOLUME (needs larger than average vol. and sustained over several minutes). LONG: on flag break risking below, target HOD - SHORT: After HOD clearout, then fade. Again, NOT microfloat!!
As expected, volume picking up, sustaining...SQUEEZE timing is perfect and looks to be in the process...targets are most likely overhead Supply and HOD liquidity. Watch volume, it's EVERYTHING
🚨🔥[1/8] In order to understand nuances of a setup, you need to do a "deep dive" and backtest. This thread will give you everything you need to review the Type 1 HOD Clearout structure from @TradetheMatrix1 including examples and content to perform your OWN manual backtest
📈[2/8] BACKGROUND: First you need to understand WHY this structure routinely occures in small/microcaps. Here's the core article. Read it, then re-readit. When your done....read it again.
$REVB - Keep on watch for potential squeeze for HOD clearout. Needs VOLUME and then I'll be looking for this structure
Flagging above VWAP, that's positive sign for the squeeze...the timing and structure is right, now it's all about VOLUME...should happend in the next 2-10 mins if it's going to squeeze)
Need to break the70k resting orders at 1.46/47 then it'll rotate up to 1.60's liquidity. Again, VOLUME IS KEY...otherwise riggers aren't on this anymore and it'll die out
Didn't trade $RNXT, but clear Supply/Demand action happening. If $10 breaks then good chance the $11 flush reclaims. If $9 now breaks, should eat through the tested $8.10-50 Demand and rotate down to the main $7 Demand Zone
Volume picking up, flagging, $10 break....$11 reclaim should be about to happen
Here are the 3 'untested' Supply Zones up above. Supply = Sellers (and since price quickly left these levels, good chance there are unfilled transactions that are waiting to execute). Watch price action at each of these levels *IF* it makes it there...there will be resistance.
🚨QUIZ: Continually asking questions during the trading session is key as the landscape always changes (ex. "if THIS happens, THEN what? Where will I Enter? Exit?). Here are some scenarios that unfolding in my trading/planning and questions I asked...what are your answers?
(1/5) $HUT looks like a strong momentum swing setup. What chart formation do you see to confirm? What other variable is shown that might give you confidence to size up? Where is your stop?
(2/5) This is the premarket price action today on $WATT. Why did I enter where I did? If you would have entered there, where was your stop? and your 2 targets below?