Saturday, May 13, 2023 10:11:40 AM
CLF MTF Breakdown:
Legend:
Blue bars note the activity of institutions & algos.
Yellow bars with "R" below note heavy pockets of retail sell chasing activity, and vice versa for yellow bars with "R" above. They are called RAMBO price patterns: "Reversal of amateur breakout."
Horizontal lines of varying thickness: Notable pivots, the thicker the more important.
Green Background: Demand Zone/Support area
Red Background: Supply Zone/Resistance area
Buy "warning" - print when a key pivot breaks to the upside in a demand zone - shown by timestamped dotted vertical green lines
Sell "warning" - print when a key pivot breaks to the downside in a supply zone - shown by timestamped dotted vertical red lines
Thin red lines: notable trailing stop levels of pro shorts
Thin green lines: notable trailing stop levels of pro longs
The 36K tick notes CLF's 35% + haircut since February & multi-month support @ $14.27.
The 18k tick notes a couple pockets of retail selling in March.
The 13.5K tick notes another pocket of retail selling 4/25.
The 9K tick again notes a pocket of retail selling 4/25 followed by pro activity at the same level the following session. Multi-month support is again noted @ $14.27.
The 3K tick notes that in addition to the heavy pocket of retail selling also noted on the 9K tick, professionals were active in the low $15s 4/25.
The 1.5K & 1K tick note more professional activity 5/12 that made a second consecutive higher low. The trailing stop level of the pro long dip buyers is noted @ $14.48.
The 1K tick again notes the pro activity 5/12 that made a second consecutive higher low and twin bullish RAMBOs 5/4 at the same level as more pro activity that same session. The fact the bullish RAMBO patterns were nearly surgical long entries in the low $14s is strongly indicative of a very bullish tape. Multi-week support is noted @ $14.23.
Legend:
Blue bars note the activity of institutions & algos.
Yellow bars with "R" below note heavy pockets of retail sell chasing activity, and vice versa for yellow bars with "R" above. They are called RAMBO price patterns: "Reversal of amateur breakout."
Horizontal lines of varying thickness: Notable pivots, the thicker the more important.
Green Background: Demand Zone/Support area
Red Background: Supply Zone/Resistance area
Buy "warning" - print when a key pivot breaks to the upside in a demand zone - shown by timestamped dotted vertical green lines
Sell "warning" - print when a key pivot breaks to the downside in a supply zone - shown by timestamped dotted vertical red lines
Thin red lines: notable trailing stop levels of pro shorts
Thin green lines: notable trailing stop levels of pro longs
The 36K tick notes CLF's 35% + haircut since February & multi-month support @ $14.27.
The 18k tick notes a couple pockets of retail selling in March.
The 13.5K tick notes another pocket of retail selling 4/25.
The 9K tick again notes a pocket of retail selling 4/25 followed by pro activity at the same level the following session. Multi-month support is again noted @ $14.27.
The 3K tick notes that in addition to the heavy pocket of retail selling also noted on the 9K tick, professionals were active in the low $15s 4/25.
The 1.5K & 1K tick note more professional activity 5/12 that made a second consecutive higher low. The trailing stop level of the pro long dip buyers is noted @ $14.48.
The 1K tick again notes the pro activity 5/12 that made a second consecutive higher low and twin bullish RAMBOs 5/4 at the same level as more pro activity that same session. The fact the bullish RAMBO patterns were nearly surgical long entries in the low $14s is strongly indicative of a very bullish tape. Multi-week support is noted @ $14.23.
FREE REAL TIME PENNY STOCKS & OPTIONS BUY & SELL ALERTS:
OPEN HANDED TRADERS
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
