Possibly Important TA Tops...

[Scataphagos]

This is for all you little weenies who whine that I only post after the play has occurred and not before (you know who you are)... Well, here's your alert... in advance.

NQ double top? Arrows

ES double top? Same

All Price TA players should be aware. May be "the big top" (doubt it), but may be a local top for correction. Regardless, PIVOT... long bias above, short bias below. That's "Price TA".

FWIW...

 

[PPC]

On longer TFs I'm worried about the following potentially unfolding scenario:

 

[Scataphagos]

On longer TFs I'm worried about the following potentially unfolding scenario:


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Price TA says...
1. No big worries so long as price is within big rising channel
2. MAY sell "channel tops line" for a potential move to channel bottoms line... which if it did, would be a technical buy with close stop.
3. Break of "bottom channel line and hold below it"... that would be a big worry for long-term bulls.

 

[Darc]

I understand the "buy the Rumour sell the News" principle and how actual Rate cuts maybe accompanied by selling as the cut is already priced in, but a Double Top on a 30 minute Chart, how reliable is that?

 

[murray t turtle]

I understand the "buy the Rumour sell the News" principle and how actual Rate cuts maybe accompanied by selling as the cut is already priced in, but a Double Top on a 30 minute Chart, how reliable is that?

%%
NOT very important @ all;
@end of day.
But an hourly top [2x30 minutes ]maybe worth paying atterntion 2;
if BIG gap UP, open price.

 

[Scataphagos]

a Double Top on a 30 minute Chart, how reliable is that?

Wrong question. Irrelevant. It's "the thing" at that point in time.

The set up is relevant enough to (1) make play upon, and (2) not stay on the wrong side of... choosing to "ride it out" hoping for reversal.

 

[Darc]

%%
NOT very important @ all;
@end of day.
But an hourly top [2x30 minutes ]maybe worth paying atterntion 2;
if BIG gap UP, open price.

I used to know a Guy who'd draw TLs and S&R on 45 minute etc Charts and wonder how much are those timeframes being watched by people who actually move the Market. He disappeared, I assume blew up.

 

[murray t turtle]

I used to know a Guy who'd draw TLs and S&R on 45 minute etc Charts and wonder how much are those timeframes being watched by people who actually move the Market. He disappeared, I assume blew up.

%%
DONT know;
45 minutes seems to odd..........................

 

[SunTrader]

I don't see anything too concerning about NVDA presently. Of course that can change ... quickly.

$SPX OTOH weekly chart is @ Bar 8 of a TD SellSetUp9.

But as the sell in May and go away folks learned aaagain this year, it ain't over (uptrend) till its over.

 

[maxinger]

Oh No! Not this professional writer again!

The TOP level has not been tested many times.
So it is insignificant.


Simply remove all those yellow lines, and then you
can sleep well.