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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: Sun Tzu who wrote (56151)5/7/2024 11:19:12 AM
From: E_K_S  Read Replies (1) | Respond to of 56532
 
Here's my algo defined support/resistance/and trade levels
Is it an AI 'algo' and/or a pre-defined indicator (proprietary) or some option in your charting platform.

How does it work? Look at analysts estimates, vol buy/sells or something else?

I have been working on one that takes into account vol/avg daily vol among other variables.



To: Sun Tzu who wrote (56151)5/7/2024 11:27:53 AM
From: Trader J  Read Replies (1) | Respond to of 56532
 
As always ... I appreciate the info Sun. For me, if it breaks $112, I'd be looking for $100 or so. That said, on big drops like this, I very rarely wade in quickly. Will take a few days to settle. Even then, I really don't want to be in both DDOG and SNOW. SNOW is my selection and I continue to build a position.

Good luck with the family issues



To: Sun Tzu who wrote (56151)5/7/2024 11:45:55 AM
From: Lou Weed  Read Replies (2) | Respond to of 56532
 
It looks very much like a Wyckoff distribution.......

The Wyckoff Method: A Tutorial [ChartSchool] (stockcharts.com)