Lazy Wurm 🌕 @lazy_wurm

Just lazy. Joined January 2022

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Lazy Wurm 🌕 @lazy_wurm

2 years ago

Chopped out of the white channel as mentioned earlier and now needs to hold 238 to stay within the blue channel.

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Lazy Wurm 🌕 @lazy_wurm

2 years ago

Approaching last hour. If we can chop out of the white descending channel and remain in the blue ascending one, it will be in good shape into Nvidia's earnings.

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Lazy Wurm 🌕 @lazy_wurm

2 years ago

Intraday ascending channel. 238 must hold for it to stay intact short term and medium term.

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Lazy Wurm 🌕 @lazy_wurm

2 years ago

We finally broke out of the smaller channel and with a vengeance. It will probably chop from here until close.

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Lazy Wurm 🌕 @lazy_wurm

2 years ago

Like I said. It was a bear trap if anyone shorted under 240 thinking it was done. We are now in an up channel within an up channel. Next test is 243.09

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The open scared all the bulls. Only those that knew what would happen around 238 would capitalize on it. By 10am it was a bear trap as it broke the steep down channel, broke above 240.19 and later came back to retest it.

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Lazy Wurm 🌕 @lazy_wurm

2 years ago

Another 5pt touch in effect but this time on the flip side. I have changed the color of the 244.68 line to white as it is being contested back and forth within this channel. If it can close above this line, it will be in decent shape heading into tomorrow with PPI data to decide.

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Lazy Wurm 🌕 @lazy_wurm

2 years ago

Rising Wilson could not trigger as it was denied by 245.88 and now back to 244.68 support. The substantial move depending on the direction will happen after tomorrow's PPI report.

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Lazy Wurm 🌕 @lazy_wurm

2 years ago

Rising Wilson is in effect and now in this up channel. It will need to break 245.88 for a confirmation but it won't be easy just as 244.68 was a tug of war.

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Lazy Wurm 🌕 @lazy_wurm

2 years ago

This chart is a bit more complicated. We did break out of the previous down channel but we rose too fast and fell out. Now we're in a narrower down channel which will also not last long. The wider blue channel is what may materialize if 244.68 holds.

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Lazy Wurm 🌕 @lazy_wurm

2 years ago

The daily is looking like a shooting star so far. Not a great sign going into Friday but still 3+ hrs to go.

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Lazy Wurm 🌕 @lazy_wurm

2 years ago

Second attempt to break out of the downward channel is faring better and 244.68 is now support again. If it can hold, we can have another inverse H&S but a rather mini one as this is on the 1min chart.

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Lazy Wurm 🌕 @lazy_wurm

2 years ago

Classic snipe. This is why it's never just a walk in the park.

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Lazy Wurm 🌕 @lazy_wurm

2 years ago

Breaking out of the downward channel. If it can reclaim 246.86 it could chop around here during lunch.

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Lazy Wurm 🌕 @lazy_wurm

2 years ago

As I mentioned before, even the channel I last posted was still too steep and we fell out. The retest so far has been unsuccessful so the new channel is now going downwards. 249.78 in purple is what it needs to reclaim if any chance back into the 250s.