A double top has formed on the 1H. Price broke down below the pattern and is holding. The higher timeframe trend agrees, and the target is the measured move of the pattern.
A symmetrical triangle has formed on the 15M, tested 15 times on its lines. Price broke out above the pattern and is holding. The higher timeframe trend agrees, and the target is the measured move of the pattern.
Volume picked up on the move, exactly what I want to see. The bigger timeframe agrees, so this is not a fight against the trend. A lot of long stops are parked around $161.99-162.33.
If it fails, the stop does its job. If it works, it can run.
Everyone’s buzzing about $AXTI after that big rip, but the euphoria feels like a trap 😑 short idea on $AXTI TP: $44.635 SL: $57.704 Liquidity pools are stacked around $50.623-51.113 $51.113 is holding firm as support Each sell‑off fuels the next dive toward $44.635 Get ahead before the crowd flips
The bigger timeframe agrees, so this is not a fight against the trend. Below sits a pocket of liquidity near $45.176-45.41. That is where this wants to go. Price just lost $45.41 and the retest is failing.
Price just lost $0.011 and the retest is failing. If this fails, $0.008333-0.008365 is where the late longs get flushed. Higher timeframe is pointing the same way.
If it fails, the stop does its job. If it works, it can run.
Everyone is chanting $WLD like it’s unstoppable 🚀 short idea on $WLD TP: $0.3458 SL: $0.408 Liquidity traps at $0.3435-0.3458 ready to bite $0.3726 is holding firm, breaking it fuels the drop Higher timeframes already bearish, pressure builds Get in before the crowd finally wakes up