Market Analysis for The Week Ahead
5/11-5/16
If you are looking to join the Discord please see here: JOIN THE DISCORD Please email help@pharmdcapital.com if there are any technical issues. The daily and weekly plans are posted in the Discord so there is no reason to subscribe to both.
Be sure you have read the Starter Kit, including the free section even if you’re a paid subscriber. Trading Doggy Style Starter Kit
This week the market found balance after trading higher 9 days in a row. This makes sense and is quite healthy. The location made sense as well. In last week’s plan above the paywall, I discussed the critical nature of this area.
We made very little progress higher, with sellers making no progress lower. That is the nature of balance.
We predicted the formation of this balance as of last Friday and traded it well since. Balance offers some fantastic 2-way trading opportunities with fairly decent range. However, one must know where the edges are to optimize such trades. Knowing where they are likely to be ahead of time is even more powerful. The break from this balance should offer a decent move. The longer we balance, the larger the move is likely to be. One can attempt to front run a break from balance from an edge, but the higher probability trades come on a confirmed break. I do have a slight lean here, and a plan for how I am playing this range.
PAID CONTENT BELOW and in DISCORD