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Llama

[NDX] A textbook chart for being bearishSummary - See the previous idea for context: - Another realization: horizontal channels for S/R work better than diagonal ones. This doesn't mean that the latter need to be discarded altogether. - Looking back, NDX did really have desperate jumps towards the end of the bull rally. - High volume on days with large inverted hammers was a sure sign of an impending stampede. - Today's rejection is why being long without confirmation is a bear trap. Being on the short side is much less stressful.
NASDAQ:NDXShort
by wildhorse3
HAG Long: A trade based on the current geopolitical climateHENSOLDT AG ( HAG ) continues to respect its long-term ascending channel, with price action now testing multi-year resistance. Heightened geopolitical tensions, particularly between the US, EU, and Russia, coincide with recent upward momentum. Historically, international conflicts have bolstered defence equities, and the current macro backdrop remains consistent with that theme. A sustained breakout above resistance could signal a shift in market expectations, while the underlying trend reflects the broader geopolitical landscape. Ironically, the chart represents the doomsday clock better than the clock itself. The irony doesn't end there, for global peace lies below the support for this stock. As soon as supporters of this stock take their hands off the wheel, peace inches closer. Bears on defence stocks bring peace. 🏝️ For now, it's time to be a bull. Probably.
XETR:HAGLong
by wildhorse3