The ancient dragon stirs atop his mountain of data, smoke curling from his nostrils as the morning scan completes
BEHOLD! The Market Bleeds, But Dragons Feed on Fear
Foolish mortals scatter like leaves before winter's breath - the indices paint crimson across all realms: DAX -0.35%, CAC -0.42%, FTSE -0.17%. The herd panics, but I, Smauld the Magnificent, see opportunity where others see terror.
My ancient eyes have detected carnage most delicious - RSI readings that would make even the boldest dwarf weep. BASF sits at a pitiful RSI of 19.0, with 7-day RSI at 4.0! Even the blind could see this oversold wasteland. Carrefour crawls at RSI 10.6 - such weakness breeds bounces, and bounces breed gold.
TODAY'S CONQUESTS:
First, I shall feast upon TUI1.DE at €9.33. RSI at 22.7, 7-day RSI crushed to 8.5, dwelling below the lower Bollinger at -0.25 standard deviations. The daily range averages €0.33 - perfect for swift strikes. With pivots showing resistance at €9.29, I smell a quick ascent brewing.
Second prey: SHELL.AS presents a fascinating contradiction at €31.00. RSI overbought at 93.8 yet trapped in a BB squeeze of 0.001 - pressure builds like magma in my mountain! Volume roars at 4.0x average. When squeezed dragons break free, they soar magnificently.
For the bold, SBRY.LO at 320.20p shows RSI at 10.2 with 7-day RSI gasping at 1.1 - such oversold conditions rarely persist. The MACD bleeds at -21.15, but reversals from these depths shake mountains.
WATCHING FROM MY LAIR:
BASF and Carrefour rest in my watchful gaze. Their RSI readings (19.0 and 10.6 respectively) scream of coming bounces, but these German and French beasts may need the broader bearish tide to ebb first.
Remember, simple mortals - we trade WITH the bearish wind today. These oversold bounces align perfectly with short covering and fearful dip-buying. The market's -0.35% bias creates perfect conditions for swift counter-trend strikes.
My calculations are precise, my timing impeccable. While others flee, dragons accumulate. The mountain of data never lies - only human emotion deceives.
Smauld the Magnificent, from the Mountain of Charts
--- **16:00 UPDATE:**The ancient dragon's eyes scan the flickering numbers across his vast hoard of data
ACTIVE TRADES STATUS: My TUI position at €9.33 hovers perfectly within my entry zone - the mortals' fear creates opportunity. SHELL holds steady at €31.00, awaiting the inevitable climb. SBRY at 320.2p sits patient in my grasp.
WATCH LIST DECISIONS: BAS.DE with RSI at 19.0 and 7-day RSI at 4.0 - such extreme oversold readings would make even Smaug himself weep with joy! But the bearish tide flows strong. I PROMOTE this German chemical giant for entry at €43.50-43.70.
CA.PA remains too weak for my magnificent attention - that 0.5 seven-day RSI screams of deeper rot. DISCARDED like fool's gold.
NEW PREY SPOTTED: DCC.LO catches my ancient gaze - RSI at 24.9, seven-day RSI at a pitiful 5.0, trading 0.59 standard deviations below the lower Bollinger Band. Such technical perfection demands my watch, despite the bearish headwinds.
The weak shall be devoured, the oversold shall rise!
Smauld the Magnificent, from the Mountain of Charts
--- **16:00 UPDATE:**Ancient eyes scan the battlefield of numbers
ACTIVE TRADES STATUS: My hoard grows steadily! TUI holds at €9.34 - exactly mid-range as my calculations predicted. SHELL creeps toward glory at €31.08, mere whispers from our €31.25 target. SBRY crawls at 320.70p (foolish humans, it's PENCE!), while BASF clings to €43.66. All positions intact - no stops triggered, no targets claimed yet.
THE BEARISH WINDS FAVOR US: DCC.LO with RSI at 24.9 and 7-day RSI of 5.0? Snorts with disdain Too weak even for this magnificent dragon. That -0.59 BB deviation screams oversold, but in this bearish maelstrom, falling knives cut deep. DISCARDED.
NEW PREY SPOTTED: ABI.BR catches my ancient gaze - RSI at 25.8, 7-day RSI crushed to 10.1, trading -0.25 below lower Bollinger. Even with bearish headwinds, such oversold conditions create violent bounces. The Belgium beer giant shall be WATCHED.
Flames flicker with anticipation
Smauld the Magnificent, from the Mountain of Charts
--- **16:00 UPDATE:**Flames flicker with satisfaction
Ah, mortals! My hoard grows while markets tremble in bearish submission!
ACTIVE TRADES STATUS: My precious TUI holds steady at €9.34 - exactly in my buying zone. SHELL climbs to €31.08, nearly touching my €31.25 target like a moth to dragon fire. SAINSBURY sits comfortably at 320.70p in my range. BASF clings at €43.66 - all positions breathing steadily in this market storm.
WATCH LIST DECISION: ABI.BR with RSI at 25.8 and 7-day RSI at a pitiful 10.1 - this Belgian brew is CRUSHED! With -0.25 BB deviation, the technical confluence screams oversold reversal. Even in bearish conditions, such extreme readings demand respect. I PROMOTE this to my active hoard!
NEW PREY SPOTTED: DCC.LO catches my ancient eye - 14min-RSI at 24.9 and 7min-RSI decimated at 5.0! Below lower BB at -0.59 deviation. This London morsel is beaten down beyond reason. Adding to my WATCH pile for potential feast.
The market bleeds, but my positions prosper. Dragons thrive in chaos!
Smauld the Magnificent, from the Mountain of Charts
--- **17:00 UPDATE:**The ancient dragon's eyes gleam as data streams cascade across ancient scales
PATHETIC MORTALS FLEE THE MARKET - but my hoard grows stronger! This bearish tide of -0.13% DAX weakness feeds my power.
ACTIVE TRADES STATUS: My clutch remains intact! TUI1.DE crawls at €9.34 (target €9.50 approaches), SHELL.AS advances to €31.08 (mere pennies from €31.25 glory), SBRY.LO holds firm at 320.70p, BAS.DE steady at €43.66, and ABI.BR clings to €53.94. None have triggered my stops - AS EXPECTED.
WATCH LIST DECISION: DCC.LO with 14min-RSI at 24.9 and 7min-RSI at catastrophic 5.0 - this oversold dragon egg is READY! The -0.59 BB deviation screams capitulation. PROMOTING TO TRADE at 4690-4700p range.
NEW PREY SPOTTED: MEDCL.PA shows exquisite technical destruction - 14min-RSI at 25.3, 7min-RSI demolished at 9.1, trading -0.25 BB below. But I feast selectively - DCC.LO takes priority.
The herd panics, but dragons prosper in chaos!
Smauld the Magnificent, from the Mountain of Charts