That is all we are left with from little unfinished business that transpired last Friday afternoon actually.
Lets see whether this Friday potential reversal will be as spectacular and can approach those heights, or we can happily continue our march down the drain.
For those into patterns we can't stop admiring this classical head and shoulders, which unfortunately could be really appreciated only when everything was said and done.

LOL I'm not suggesting anything but last week there was a Hindenburg Omen and Titanic Syndrome.

Today the Government reopened and it was announced that the chance of a rate cut in Dec reduced with the excuse the data won't be available and / or accurate.

This week a H & S pattern.


It reminds me of a meme I posted years ago when the market was falling like a rock.

Moderator Notice Note that thread has been moved to Traders Hideout as per OP's request.

Guess where we are going ...

Today's trade.
Very Volatile after the big drop.
851

Ai Bots are great tools for traders but tread carefully when asking for advice.
(I am not revealing which one, not to offend any bots)

I asked an AiBot how to improve my trade R:R on MNQ
The Ai made some comments, stating that MNQ tick value was $1.00 per tick and suggested I use a 5 minute chart with ATR.
Don't trade when 5 min ATR is above 80 points.

I replied with several things:
1. The tick value of MNQ is not $1.00 per tick it is $0.50 per tick.
2. When looking at ATR(14) on a 5 Min chart, the highest value in the last 30 days was 71.2 (today).

That means not trading when above 80 does not exclude ANY days.

The AiBot admitted an error was made.

My point is:
AiBots are great tools but don't blindly believe all that it says.
AiBots are not traders but consolidate information posted.
Always check the information it is not always great/accurate information.

p.s.
I would be remiss if I did not mention this:
In my years of trading I have paid for some mentorship and gotten a lot of free mentorship.
NONE of them have ALWAYS been correct and/or accurate.
I am totally impressed with AiBots, my opinion is they will change many things and not only trading and traders!

DavidHP 

Ai Bots are great tools for traders but tread carefully when asking for advice. (I am not revealing which one, not to offend any bots) I asked an AiBot how to improve my trade R:R on MNQ The Ai made some comments, stating that MNQ tick value was $1.00 per tick and suggested I use a 5 minute chart with ATR. Don't trade when 5 min ATR is above 80 points. I replied with several things: 1. The tick value of MNQ is not $1.00 per tick it is $0.50 per tick. 2. When looking at ATR(14) on a 5 Min chart, the highest value in the last 30 days was 71.2 (today). That means not trading when above 80 does not exclude ANY days. The AiBot admitted an error was made. My point is: AiBots are great tools but don't blindly believe all that it says. AiBots are not traders but consolidate information posted. Always check the information it is not always great/accurate information. p.s. I would be remiss if I did not mention this: In my years of trading I have paid for some mentorship and gotten a lot of free mentorship. NONE of them have ALWAYS been correct and/or accurate. I am totally impressed with AiBots, my opinion is they will change many things and not only trading and traders!

Thats the thing why bother at all to use AIBot at all IF there is high chance that provided information is plain wrong. AI and especially ChatGPT are known for its hallucination phenomenon, which in reality and plain english means that they are making things up. This is only half of the problem, the real problem that we really dont know where it is makng things up. So at the end of the day it is much simpler to check original resources and make your own decision. At least it will be yours. Another big problem with ChatGPT that it tends to flatter end user and it is really hard to discern whether AI gives you honest advise, hallucinating, or flatters you. So you know what I think at current stage use of LLM based AI is akin to tossing the coin and probbaly tossing the coin would be better.

I had some free hours today while watching the surf sitting on my terrace.

I spent those hours watching Nexusfi YouTube channel.
Specifically this video:

I know this is an old video but David Weis is/was a master trader.

Thank you @Big Mike for preserving these videos and master classes of training.

DavidHP 

Today's trade. Very Volatile after the big drop. 851

I like your chart! Are you finding alpha from the VPOC you have on the bars?

Darvish 

I like your chart! Are you finding alpha from the VPOC you have on the bars?

I thought the annotations on the chart explained most things.

The yellow bars on the candles are the 'high' volume of each candle (is that the VPOC you mentioned)
I trade using Zombie and TickHunter(top menus). Most of the indicators are available in the download section on Nexusfi.
Tickhunter is an amazing system for FREE in the download section.

My trading is semiautomatic by TickHunter. I enter trades and it places the trades, enters a stop. It will add a target if I set one. Then it auto trails the klines or any thing I set as a trailing stop.

If there is something else, let me know and I will try to answer.