Sonny
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Full time trader and investor specializing in Elliot Wave Theory, market psychology and macro cycles.
High Probability QIM short setup — Indicator State: Transition. Looking to hold until late November.
CYRX is testing the 8/7 Expansion Gate around $18.45 at a mature QIM Price/Time location, with the broader Elliott structure consistent with a B-wave termination ahead of a prospective C-wave lower.
The 65-minute chart has already progressed from Exhaustion into Transition. The move into the Expansion Gate produced a late MARS exhaustion sequence, and since that rejection PMARP has rolled sharply lower from the extreme zone, +DI has peaked and begun to contract, and −DI is starting to recover. That is the first clear evidence that the bullish regime is losing control.
The Daily chart reinforces the setup through a clear bearish PMARP divergence, while the broader advance is also failing to reproduce the earlier directional strength in +DI. That gives us multi-timeframe deterioration rather than a single lower-timeframe signal.
What is still missing is Early Confirmation. Bullish directional
Long PANW - HIGH PROBABILITY TRADE.
Earnings were great but they do like to smash it down after earnings. As long as it does not break below impulse gate in blue at 314 I'm bullish. on the daily We are in the QIM time zone where a reversal can be expected. and Price remains above impulse gate so still looks good to push over the coming weeks.