Careful if trading $SGOC...that last 'VWAP DEATH CANDLE' wasn't on tons of volume = TRAP ... if 7.40 reclaims watch the possible squeeze come in....still early, lots of rigging left in the day
$SGOC and $PMCB exact same structures....VEEEERRRRRY interesting, how does that happen?!? 😄
This flush on LARGE VOLUME is what you want to see (vs. the 2 prev. flushes on low volume). Doesn't guarantee it won't reclaim, but it's worth a short risking ~0.40 to make $1+...Stops in, emotions out!
Covered some, then re-added to load up for bigger unwind (stops above structure high)
It's been held down the last 45 mins...would have liked to see the next wave down by now...7.60s can't reclaim, might be basing here...careful!
All out per plan, scratch overall. Ideally you see that second move below the shelf break sooner....since it didn't come and time decay (and plenty time left in session) you MUST be flexible on trade mgmt.
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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?