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Sunday, 06/04/2023 11:27:44 AM

Sunday, June 04, 2023 11:27:44 AM

Post# of 363658
ANET 500 Tick:

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

I marked jb's calls entry and final exit with the timestamped white lines.

Pros (blue bars) like jb loaded long 5/25. The lime dot 5/30 right before jb secured killer multi-bagger profits is a bearish flush pattern, technically bullish, but it often behaves in bearish fashion when it appears after a big rip, making it a solid heads up to take profits.

As for what comes next, I see another long set up heading into the new week. Twin bullish RAMBOs 5/31 were followed by an exhaustion selling price pattern 6/1 (red dot highlighted with white up arrow). Then 6/2 twin bullish RAMBOs were followed by bullish divergence (blue dot highlighted with white up arrow).


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