Todays volume 2.14M exceeded 1.63M past.3.day.total.
* ADX is now over 50.
* 10-K due next week and MJ#1 well test due in April.
* 96% failure rating April $2.50 put. https://www.stockoptionschannel.com/symbol/?symbol=ZN&month=20180420&type=put&contract=2.50
* Tomorrow, Friday, is supposed to be lower volume and red as the $4 swing traders opt to not stay over at our apartment for the weekend. chart thread post MONTHLY
* Cup with handle http://thepatternsite.com/cup.html
* Flag rules http://thepatternsite.com/FlagDay.html MEASURE
* Pennants http://thepatternsite.com/pennants.html
* Ascending triangle http://thepatternsite.com/at.html
* volume pattern resource http://thepatternsite.com/volpatterns.html
* Pattern index http://thepatternsite.com/chartpatterns.html 2m Technical chart https://stockcharts.com/c-sc/sc?s=ZN&p=D&yr=0&mn=3&dy=0&i=p32566918200&a=578654283&r=1520554808059
\ 15d 60min 5d 15min Day trading STP charting: Note: This only works with the 2 day 10 min chart. * Text & Source: http://investorshub.advfn.com/Short-Term-Pinch-(STP)-32033/ http://stockcharts.com/c-sc/sc?s=ZN&p=10&yr=0&mn=0&dy=2&i=p51079260963&a=578990274&r=1520047818439
The EZ way to Understand My Abbreviated Short Term Pinch Known as (Big Sams ASTP Chart)
The Top heavy blue PPO(12,26,9) and FullSTO are the Buying indicator
The Bottom heavy blue PPO(12,26,9) and FullSTO are the Sell Indicator.
The Top and Bottom PPO/FullSTO are Identical
The Middle heavy red PPO(26,12,9)/FullSTO Indicator is the Opposite of the Top and Bottom PPO(12,26,9)/FullSTO Indicators and is the Key to how it works as it will go to the Top or the Bottom.
The Heavy Blue Line for the PPO(12,26,9) is the Main Indicator Line and when it Hits the FullSTO just ahead of the Other Indicator Lines it sets in motion when buying or selling will occur and gives you a Very Clear Picture of what is Going to Happen,
If Middle red Pinches at the blue Top, The Price Will Go Up
If the Middle red Pinches at the blue Bottom the Price Will Drop.
When all the Lines Come together it looks like an Arrow as they all come to a Point.
When this Arrow Point Starts to Come Apart it Signals when Buying or Selling will start pending on which PPO/FullSTO Indicators came together (Top is Buying, Bottom is Selling, Really EZ to understand and follow)
THE "Short Term Pinch" or "STP"
When you see the ADX5 Spike up and at the same time all 4 lines from the Bottom PPO/FullSTO drop down to the bottom and they Sort of Come Together and then Come Apart, this is called a "Short Term Pinch" or (STP) (The ADX will usually Go up, get close, and then curve back down and right as this happens the 4 PPO/FullSTO Lines Start to Turn up (Called, lifting it’s toes up)
When this happens the Stock will shoot up and run. (Remember, These are Short Term plays and why they are called a “Short Term Pinch”)
Make sure you confirm it with the CCI20 as there are Fake outs.
Need the CCI20 to go straight up and usually past 100 and hold above it to Confirm it.
Many times it will lay flat over to the right and you have to wait.
Watch and learn. Once you get the hang of it you will be able to buy before the CCI20 Completes but I don’t want anyone losing money and this is a type of Fail Safe.
I also check my ADX +DI and -DI Indicators and when the ADX +Indicator crosses up Through the ADX -DI it is a Very Positive Sign. If it crosses Down It’s Negative.
If you See the ADX14 +DI Crosses up through the ADX14 -DI its a really Good Sign, If the ADX14 +DI Crosses down through the ADX14 -DI I will usually Sell Some Shares
But you need to look at the whole Picture and the more you watch the better you will get at this and the more Money you will make, Believe me, It becomes Very EZ once you realize what it is you are seeing. I had an AHA Moment when I figured it out.
UPDATE: Abbreviated PPO/FullSTO Short Term Pinch or “STP” Chart Explanation
You will Find that I made My Chart Very Simple to Follow as you are looking at a Moving Picture.
With the Abbreviated Chart there are Only 3 Main things to watch,
The THREE PPO/FullSTO Setups Just Below the Volume and the Candles, The ADX5 with +DI and -DI,
And the CCI20. That’s it. Follow those and you will Always be Right, Always.
NOTE A1: When I Say “STP” I am Referring to a “Short Term Pinch”
NOTE A2: When I SAY CONNECT I am talking about the "Main Red Line" of the Middle PPO/FullSTO as it Connects to Either the Blue Top PPO/FullSTO or Blue Bottom PPO/FullSTO doing, Very Simple.
1.Watch the Middle PPO Main Red and see where it goes.
A. If it Connects to the Top PPO the Stock will go Up
B. If it Connects to the Bottom PPO the Stock will go Down.
C.This is what makes Stocks Change Direction.
2.BUYING: Once you see the Top Blue and Middle Red PPO Lines Connect , Look at the CCI20 and ADX5
A. Usually the ADX5 +DI will Cross through the -DI first as a Confirmation.
B. Then Watch and see what the CCI20 does and if it shoots straight up and past the +100 Line The Stock WILL GO UP.
C. If the CCI20 starts to go up and then rolls over to the right, it’s not ready and you have to wait for it to Complete as it is always best to wait for it to go up through the +100 Line, Could take Second, Minutes, or Hours. (Volume Matters)
D. Once all this Happens you will see how the Middle and Top PPO’s have Pinched Together and then come apart and keep getting Wider and Wider and at the same time the Stop keeps going Up. Very Simple, This is what these Indicators show, Stock Price Movement.
3.The Potent Short Term Pinch or “STP”
A. When you see Every Line from the Top PPO/FullSTO go down to the very bottom and Red Middle Connect, look at the ADX5 just below it.
If the ADX5 has shot up and gets Really High and almost touches the Point where all 4 of the PPO/FullSTO lines are connected at the Bottom
this is called a “Short Term Pinch” or “STP”. Once again, Check the CCI20 for Conformation of Completion.These are Very Powerful and the Stock almost always shoots up considerably.
I have made a lot of Money on “STP’ Runs very quickly.