Is it time to short the big banks with BNKD again?As shown on the 4H chart BNKD, a triple leveraged ETF inverse to big bank stocks has had
ups and downs reflecting the chaos in the banking system with some failures and federal support
or takeovers. Online banks are thriving while some smaller regional banks are challenged with
a portfolio of bonds and treasuries bearing low yields. Price is presently at the same level
as the high of December 22 and low of April 23. This level is acting as support also allowing for
a narrow stop loss for a long trade. Price is below the high volume area of the long term
volume profile which equates to the fair value area. Accordingly, BNKD is oversold and
discounted below fair value into the undervalued range. It is below the mean anchored VWAP
line and in the area of one standard deviation below that line. The zero-lag MACD shows an
early impending cross of the lines under the histogram another suggestion of a reversal
I will take a long trade with the stop loss directly below the horizontal support line by
$ 0.25 while the first target just below the confluence of the POC line and the mean VWAP
@ $.13.90 while the final target is $ 15.60 near the top of the high volume area. I see this
as a safe long trade with a high R:R and profit potential.
Banksshort
PANW Is this bank stock reversing or a correction?PANW as a stressed back stock has been trending down. However as seen with the regional
banks at large ( KRE as an example ) the bear market had a bullish rally the past couple of
trading days. So, is this a reversal to trade or merely a pullback of the trend down good for
a short entry? On the 15 minute chart price has ascended to outside the Fibonacci bands
(EMA 42 2.618 bands) where mean reversion may soon apply. The fisher transform lines are
approaching the redline above where reversal is statistically likely. On the zero lag MACD,
the lines have crossed and are about to cross the zero line. Overall, the chart suggests to be
that PANW and perhaps the regional banks in general are merely taking a break from the trend
down. I see this as an entry opportunity to join the continuation of the trend and will take
a short position.
USDZAR Smart money concepts💰We're looking for high probable trades on our Area of interest (AOI). The price can simply sell to buy, then collect liquidity and shoot down from our AOI, That's where we are looking for our shorts.
This is not a signal but a forecast, apply risk management, and manage your your trade when in profit, don't close until we reach our next purple demand zone.
Be patient enough, this is a high priority set up with huge percentage of returns when caught in the right entry.
