Adding a little more here looks like a running flat with a hidden bull div - SL 2.47
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This is pretty wild what I'm seeing here on PENGU
When you get a hidden bull div like this on RSI it usually means that the move was a running flat...
That means July's move was not impulsive, but corrective and we haven't even seen the 3rd wave yet
This next move up will be completely vertical imho
MMs seem to do this, like back in November, to create extreme FOMO and get everyone chasing and on the wrong side of the trade
I can barely believe what I'm seeing myself but this is the only thing that makes sense to me given the limited time left in the cycle
WARNING: Bitcoin In Dangerous Position
Yesterday, I shared a video about a bearish alternative scenario where Bitcoin could fall up to 50%. I am seeing more and more technical confluence that points to such a situation.
The weekly MUST close very very bullish to fix the monthly and more importantly, the quarterly chart. If the weekly closes very bearish, we will instead potentially see a bearish Q4 and Q1 2026, despite me previously expecting the opposite.
Right now, BTCUSD is showing the tightest Bollinger Band reading ever on the weekly and monthly timeframes. This is called a SQUEEZE setup. When it ends, it releases pent up energy and volatility creating a huge, trending move.
As this happens, Bitcoin is at risk of losing a three-year uptrend channel, and there's an Evening Star pattern on the weekly chart.
Monthly momentum has crossed bearish. Weekly momentum is also pointing more sharply down. The technical setup appears to point towards a move to the 1.618 Fib extension of the April s
TechM - Fall of about 6-7% in 3 trading sessions post that H1B news. Approaching the lower end of the range and near the support area of 1400-1430. Initiated some positive delta vol short trade covering about 1SD move on both sides (less so on the downside).
If we look at the vols, 10D HV has picked up because of the realized vol in last 3 sessions. However, IV still hovers above both 10D/30D HV. Straddle is pricing in 6.5% which is nothing great but that's how vols have been off late given the low vol regime.
With earnings that usually come in 3rd week of Oct, could turn out to be a good trade for next couple of weeks if the counter takes support in this range.
Those who want to play safe, means, no risk, HPL Electric Ltd is the best stock to buy even now.
I posted below at X....and am adding below, more for my members here...
See when I give a call, and discuss sometimes more, that is , I am trying to convince you.
But if you don't want to get convinced , I can't do anything....
Getting convinced is in your hand......
I discuss HPL Electric at 594 as well, saying it still looks good, even though it is already 10x from my first call.
No one is still talking HPL Electric here...
It will move and it has to move.
Havells Gr ki Co hai....sales is growing, Np is growing, in excellent sector.....
You can't go wrong in HPL Electric Ltd...means , one can't make a loss in it, unless you are a trader!!
Just hold for 2-3 yrs!!
----More reasoning , which I already discussed when I first discussed here.....
1) Mcap is only 3000 Cr!! Really? Just try to see the Mcap of other Power sector Co, ofcourse which are growing in sales and Np...
2) Another plus point, HPL has
HOOD just done an insane amount of volume in the last 10 minutes of trading. When you see this you know it's institutional as it's their Friday orders on close. This gives you massive signal that there is institutional support for this name, especially given it just smashed to new ATH late on a Friday.
Watch this name explode next week... the last time we saw volume of this magnitude on a Friday was a few weeks ago, on Monday 8th September it gapped up 10%!!!
The white line on volume is a 50 MA just FYI to demonstrate the above normal volume

