US 30 Rollover: Engulfing Bear Candle
Updated
Happy 5th of July! Ominous portent in the candlesticks. Get confirmation on the close and Monday's price action- imminent throwover from ATH IMO.
Trade at your own risk; GLTA!
Trade at your own risk; GLTA!
Trade active
Shorting the midday retrace; GLTA!Note
Looks like late PM bull to a Hanging Man. Monday will be...interesting. Cut put position in half and hedged with short OTM puts. Trading QQQ and SPY.
Let's see! Enjoy the weekend!
Trade closed manually
Rolled out of puts into calls on third down day. Might go lower but there's bullish undertone with dip-buying and short-covering EOD. Major indices are testing lower channel TL here and could spark another lift-off soon.Note
Called this one too soon; waiting on Tuesday's candle for topping confirmation; look for a pin bar with 'abandoned baby' Doji.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.