MQP-IRLC-002 - CPI RELEASE 24 HOUR EXTREME 2-WAY VOL FORMATION
HEADER - This is continuation from MQP-IRLC#1.
SUMMARY - I have stated in previous post that if price does not take the path to 1950 before CPI release at 7:30 AM ET for Thursday, January 12th (tomorrow, setting up sell the news formation), that it would take the path to 1950 by 2AM FRIDAY followed by rug pull. The price action we have since Sunday open have set up the second route, however unlikely. That means that taking the second path is much more unlikely than the the first. BUT THAT'S WHAT WE HAVE NOW.
REQUIREMENTS - This forecast is a conditional favorite forecast. That means that it is the favorite, but it also has preconditions prior to the major action.
1) price must stay above bold dashed black line for the entire time before CPI with minor exceptions
2) those exceptions are stick-saved dips that are w/in 3-4 pts of this line
3) price will form a descending flag formation
DETAILS - As of this second in time, I have TOTAL CONVICTION IN THIS ROUTE with 20 hours to change my mind IF THE REQUIREMENTS DO NOT HOLD. See previous post for background.
STRATEGY - IF REQUIREMENTS HOLD:
1) get extremely long about 5:30 AM ET, 2 HOURS BEFORE CPI RELEASE
2) sell at 1950-ish at roughly 12:30 AM ET Friday, so about min after midnight
3) if 1) and 2) are both true, get extremely short THE SAME TIME YOU SELL YOUR LONG
4) cover at NY OPEN about 7:30 AM ET, Friday around 1850-ish
5) if 1) 2) 3) 4) are all true, get long THE SAME TIME YOU COVER
6) SELL YOUR LONG AT 11:30 AM ET FRIDAY
7) END
SUMMARY - I have stated in previous post that if price does not take the path to 1950 before CPI release at 7:30 AM ET for Thursday, January 12th (tomorrow, setting up sell the news formation), that it would take the path to 1950 by 2AM FRIDAY followed by rug pull. The price action we have since Sunday open have set up the second route, however unlikely. That means that taking the second path is much more unlikely than the the first. BUT THAT'S WHAT WE HAVE NOW.
REQUIREMENTS - This forecast is a conditional favorite forecast. That means that it is the favorite, but it also has preconditions prior to the major action.
1) price must stay above bold dashed black line for the entire time before CPI with minor exceptions
2) those exceptions are stick-saved dips that are w/in 3-4 pts of this line
3) price will form a descending flag formation
DETAILS - As of this second in time, I have TOTAL CONVICTION IN THIS ROUTE with 20 hours to change my mind IF THE REQUIREMENTS DO NOT HOLD. See previous post for background.
STRATEGY - IF REQUIREMENTS HOLD:
1) get extremely long about 5:30 AM ET, 2 HOURS BEFORE CPI RELEASE
2) sell at 1950-ish at roughly 12:30 AM ET Friday, so about min after midnight
3) if 1) and 2) are both true, get extremely short THE SAME TIME YOU SELL YOUR LONG
4) cover at NY OPEN about 7:30 AM ET, Friday around 1850-ish
5) if 1) 2) 3) 4) are all true, get long THE SAME TIME YOU COVER
6) SELL YOUR LONG AT 11:30 AM ET FRIDAY
7) END
Kommentera:
7:24 PM ET UPDATE
1) first box held perfectly
2) it's OK if it's a tad stronger than second box
3) my personal entry (for leverage, bc Ive been long) will be 2:30 AM ET
1) first box held perfectly
2) it's OK if it's a tad stronger than second box
3) my personal entry (for leverage, bc Ive been long) will be 2:30 AM ET
Kommentera:
7:59 PM
1) I added because price broke trend
2) I will make an updated chart soon
3) plans have not changed for 1950 Thursday midnight into Friday, but we have to move a bit faster
1) I added because price broke trend
2) I will make an updated chart soon
3) plans have not changed for 1950 Thursday midnight into Friday, but we have to move a bit faster
Kommentera:
THIS POST HAS ENDED. HERE IS MOST UPDATED CHART AS OF 9:30 PM WED:
Liknande idéer
a) the red vertical dashed line is CPI RELEASE
b) at this second in time, I expect all seven boxes to hit PERFECT PERFECT
c) if first 5 boxes are true, I will be up all night Thursday-Friday for overnight tracking
d) basically, the value is 80 UP, 100 DOWN, AND THEN AT LEAST 30 UP AFTER THAT
e) that's 210 value from 5:30 AM ET THURSDAY TO 11:30 AM ET FRIDAY, roughly 30 HOURS
f) that's defnitely not terrible