Stopping Action Detected: Get Ready For A Bounce At This Support Zone

black android smartphone turned on screen

Image Source: Unsplash
 

Watch the video extracted from the live session on 27 Jun 2023 below to find out the following:

  • Current market conditions, specifically the pullback and the support zone to watch for a potential bounce
  • 1 outperformance industrial group that stood out during the market pullback.
  • Using the volume spread analysis to spot the stopping action with hidden demand.
  • The characteristics of a change of character wave for a trend reversal.
  • And a lot more

Video Length: 00:07:28

The bullish vs. bearish setup is 282 to 136 from the screenshot of my stock screener below pointing to a positive market environment. Even though the market was pulling back last week, there is still no shortage of bullish trade setups.

wyckoff method stock screener

The short-term market breadth dropped below 50 confirming the market is in a pullback mode. 15 “low hanging fruits” (AZEK, TTD, etc…) trade entries setup + 28 others (TOL, Z, etc…) have been discussed during the live session.

(Click on image to enlarge)

AZEK, TtD, TOL, Z trading plan


More By This Author:

Market Breadth Signals Decoded: Crash Or Healthy Pullback?
Market Rotation Unfolding - What Nasdaq Analogue Reveals About The S&P 500's Next Move
Market Rotation Alert: Key Areas To Shift Your Attention For Potential Profits

Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with