Second opportunityThe market is giving us another opportunity to buy this. Price is testing the broken resistance (important one) now support. Highly volatile trade, so just hold. SL triggers if a weekly candle closes below the support breaking it.
Testing
I'm buying thisI missed the dip but still time to buy this. If it pulls back I'll buy more. It's testing the demand zone after break out. Was consolidating since 10/2023. Is not done going up.
Is going to flyPrice is testing the broken support. Looks like a double bottom in the monthly timeframe at early stage. SL triggers if a daily candle closes below this week lowest price. Even so there is a support at 4. I would add actually depending on how the price is moving.
Bitcoin Testing and Testing Demand ZoneBitcoin is once again seeking to fall into our equilibrium zone (purple zone). Bitcoin has tested this zone several times, and if we look at the overall structure, Bitcoin continues to bounce within a range.
Our plan remains in place. Remember that markets need to make pauses or retests before taking action. Additionally, we must consider that markets, in general, have been bearish—we are in a bear market. However, the points of interest I have marked are based on historical prices and significant liquidity, so we can expect aggressive movements once the price reaches the indicated zones.
Thank you for your support, and don't fear these bear markets; on the contrary, we should average in and take advantage of the opportunities they offer us.
In case you want to short somethingHS confirmed and price is testing the broken neck. Be careful, this one is very volatile. I have some puts expire by the end of the month, probably I should have given more time. SL if a weekly candle closes above 17.
CSP RokuI expect the 73 support level to hold. Even Price can test again the 80 level. If it keeps going down I'll sell more CSP.
I'm going to short thisSee the double top? When the markets open today I'll put a sell order, prices is testing the broken support. At the same time SPY is testing the 500 level and I think is going to be rejected again so expect another sell off soon. Is going to take more for the market to break out the 500 level. We will see a lot of volatility in on the upcoming days and I intend to use it in my favor.
[AUDIOUSDT] - it's matter of time for bullish rally🔥🔸AUDIO looks promising for weekly chart
🔸Long time of accumulation (581 D)
🔸Under testing of neckline of Adam and eve pattern.
🔸Still Valid for entry now.
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It's going for moreInverted HS confirmed. I sold CSP 12.32 exp 03/01 also buying the stock is a good move. SL triggers if it breaks down the support and closes under it.
CSP HALOil is looking strong, and oil stocks are going to catch up very quickly. I'm selling CSP as shown, you can also buy the stock. It has strong support underneath and it looks like the price is going to test the upper vertex again.
Leg outLower vortex broken in the weekly timeframe and now testing the broken support. This is going down. SL triggers if a weekly candle closes within the triangle, a big fat green one. Otherwise I hold.
Rounding bottom Rounding bottom formation since September 2022. Is testing the broken resistance, if it breaks down to the next support I would buy more. Is a highly volatile stock, set your risk reward accordingly.
Failing testThe double top is confirmed, now the pair is testing the broken neck. There is too much resistance above, It´s most likely to drop down to the next support level 1.997.
Going for another pokeThe pair bounced off nicely from the support area, and now is heading to test the 1.5 resistance again. I don't think is going to break it this time but looks like is going to try. Also has formed a rounding bottom in the daily timeframe.
It's a good time short thisPrice is testing the broken support area now resistance. Aussie is getting stronger across the board, I expect another test to the 1.86 support zone. We can also notice a HS confirmed so the pair could fall even more to 1.82 zone.
Double top - PutsI bought a bunch of puts on this one. Market still on correction. Double top confirmed, testing the broken support and failing.
Support held during sell offI like how the support held during the sell off last week. Start with a small position, it may take a few days to consolidate before going higher. Also it can pull back during consolidation.
SL below the right shoulder, wait for the weekly candle to close. Calls options are not expensive and always a good option with high volatility stocks like this one. But give it time, expiration 2 months from now.
I'm going to start shorting thisThe double top broke down the uptrend line and now the pair is testing the broken support zone. It has heavy resistance above, the trendline and broken neck of the double top. Give it a wide SL, it may try to test both, I'll add at every attempt to break up. I don't think is coming back before touching the support blue line.
Puts SPYBought a bunch of puts, I think is going to fail the test of the resistance. I don't risk too much with options, my risk reward is 3 to 1.
Testing broken support - Triple topThe pair is testing the broken support now resistance. I expect a rejection soon, it also has another resistance above: the bottom of the channel. It may try to test it. My SL triggers if the pair break up the horizontal resistance and a daily candles closes above it.
If this thing breaks out...2 weeks chart. The resistance at 4.5 was broken with tons of volume, no is testing the support. Risk and reward is good in this trade and it can break up very quick. I already have a long position, I may add next week depends on price action in the daily timeframe. Take in consideration that this is a 2 weeks chart so plan accordingly.
📕Low-Quality setups (UNCLEAR) VS High quality (CLEAR) setups📕High quality (Clear) vs Low Quality (Unclear, wicky, random, guessing)
Setups in Our Trading
High quality clear (HQC) setups are best representations of your EDGE, they allow you to feel confident in the MOMENT of placing a trade, and you can feel relatively good about it even if it’s a loser, because you know you traded in clear market environment and did your best
HQC setups bring you HEALTHY excitement and joy from the process of your trading, in case of a winner, usually not leading to overconfidence and doesn’t lead to attachment to random reward, and in case of a loser - you are not dragged into revenge or depression, because you know losers are also part of your strategy and your execution was good
When you enter HQC setups that speaks about you as about a trader you tested their strategy, who knows what they want to see in the market and applied effort to stay away from bad condition and wait for a better one. These skills alone are so much better than 1 random +3R or +5R winner
Low quality unclear (LQU) setups mean something is out of your mental game today, you feel not feel good in longterm perspective trading them, because you kind of KNOW you should trade them, but you still do. It all sucks you into an emotional circle.
LQU setups bring you UNHEALTHY , short term lived overexcitement in case of a winner, attaching you to random rewards, which is fatal for a trader. Every time entering a LQU setup you develop a habit or “teach” yourself that it is easy and fast way of earning money. Just see something distantly reminding about your setup and enter. Sometimes you’ll get away, but longterm you’ll lose more.
LQU setups means you are you fully confident in your core strategy, and so you may unconsciously search for random entries, because you entered like this before and it brought you reward. Trading LQU setups is destroying your mental game and account in the short, medium and longterm
Picture attribution Frame Border PNGs by Vecteezy
Double bullish patternWe have here a double bottom working as the head of an inverse HS and this a two weeks chart. Price tested the support and passed the test. It wants to go higher. I find this setup very reliable, SL below the lower level of two months ago. Just be patient we may see a lot back and forward in the upcoming days.
