📈 Reversals Inbound?

Let's look at some charts.

There are a number of key levels I am seeing be rejected in the market. Let’s review so you have a sense of what to watch out for tomorrow.

Let’s start with Bitcoin. You can see that we’ve been in a trading range since roughly March. We look to be respecting that trading range once again as we are starting to reject resistance.

This is why I trimmed the MSTR position that we have been trading in the Alpha Chasers Community recently.

We also have a reversal pattern beginning to form in Chinese names. These stocks have exploded over the last week or two so it’s not surprising that they need a rest.

But the gap up followed by a long red bar, closing at the low of the day is a clear indication of a sell signal. If you are still in Chinese stock names for a trade, be aware of this. You’re seeing it in all the top names like BABA, PDD, etc.

Commodities like gold (above) as well as copper are showing the same thing. Right now this is all one big trade.

For more details on why we are seeing these patterns and how to manage your positions, watch this: