Wave59 Technologies

Finally threatening to break the channel, still holding short from 286 and change.
Ye olde island reversal from the old encylopedias in play. Momentum divergence. Giving it one more chance for good follow through.

Fail.
Momentum is decidedly divergent now so another reentry tried upon 7/27 bar break of previous low at 286.

Price did hover all last week in the 280-282 range and kept closing there or below, time was a little late, and now a nice drop today for entry trigger. Entry 279.4, manual out if breaks previous high; first target 272, second 262.5 and ride the rest should it continue.

MSFT_7-5-21.png Good catch rlite, MSFT price is at a Jupiter speed line. I'm not sure if Jupiter is capturing the tops however. This is certainly a blow-off move. Might be tracking the pentagon as shown in the screenshot. Target would be 280-281 with price confirmation. With price closing at top of...

Dropped decently at the scheduled turn time but not to the Jupiter speed line target. Just far enough to fill the gap.
Price currently rising along angle line.

Price breaking exactly at the square midpoint and the independently-derived green angle lines.
Another turn confirmation with large triangle on price-time balanced chart.

Hi Joe,

Yep physics background. Can't recall my old avatar!

MSFT_currentday.jpg MSFT_intraday513.jpg Intraday MSFT. Option trade was entered market close May 12 based on previous Jupiter line trampoline action from above charts. This confidence was buoyed by the bi-dimensional square parameter match. Majority of trade closed early this morning. Longer-term ...

djs here, for old-school members. Strong intuition a few months ago that a rekindling would be taking place. Perhaps it's starting now. Or maybe it's just the aged Stilton fumes from my lunch. Nonetheless... Been trading MSFT consistently. Sharing a few wonderfully effective techniques with you. 1st...