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Tripletop

$BTAI Triple Top At $12$BTAI should see a major breakout above $12. The risk/reward setup looks promising. About BioXcel Therapeutics, Inc.: BioXcel Therapeutics, Inc. is a clinical stage biopharmaceutical company focused on drug development that utilizes novel artificial intelligence approaches to identify and advance the next wave of medicines in neuroscience and immuno-oncology. BTI's drug re-innovation approach leverages existing approved drugs and/or clinically evaluated product candidates together with big data and proprietary machine learning algorithms to identify new therapeutic indices. BTI's two most advanced clinical development programs are BXCL501, an investigational sublingual thin film formulation in development for acute treatment of agitation resulting from neuropsychiatric disorders, and BXCL701, an investigational orally administered systemic innate immunity activator in development for treatment of a rare form of prostate cancer and for treatment of pancreatic cancer in combination with other immuno-oncology agents. For more information, please visit www.bioxceltherapeutics.com. As always, use protective stops and trade with caution. Good luck to all!
NASDAQ:BTAILong
by InsiderFinancial
GBPCHF TRIPLE TOPPrice is in the motion of forming a high probable triple top if we do see price continue bearish. This pair is definitely showing us a seller market therefore it is in our best interested to follow this trend. Calculating targets if entering this market after it breaks support, we grab our data from support to resistance and use it as our potential target which leads us to our next level of support. What invalidates this trade? Price breaking above Resistance, Breaking Higher Highs. Potentially can find a long opportunity if so.
Short
by RiosTrades
#SPY #TripleTop #reversal Definetely took some risk on early wednesday with some high theta 7/15 SPY puts before close. Purchased just out of the money at 298. They sunk.20 cents+ into close and with the holiday Thursday, I really thought it was 50/50 at best whether or not I was going to get pummeled at open Friday. It was a risk I was willing to take. While the dip didn't last, it was long enough to get out with 1-1.20 /contract profit. I only planned on a 2:1 risk/reward because of the risk and theta. Probably should have opted for farther out expirations and given myself time to be right. I liked this trade for a few reasons: 1) The SPY rally wasn't driven off anything more than news and the expectation priced in for rate cuts from the FED in late July 2) Last week was impressive. And it may not be over. But the idea that an increased "probability" and speculation on what FED does 25 days from now, a gentlemen's agreement (at best) in Osaka @ the G20, and how freaked out markets got over 250,000 jobs being added because of how it might influence the FED: This is late bull market stuff. Mania, skepticism. It's a living breathing Warren Buffet quote. Think Ill take out some insurance on limit buys under the bid on TVIX. Only way I buy here is if MACD/RSI's aren't piping hot, I have liquidity , and maybe even after a mild pullback. I'm staying Delta neutral. Option Spreads are looking pretty alright if volatility stays low. Keep an eye on the USD, EM, Economy reports. Have a great weekend. // These are just opinions, journals, thoughts. Not professional advice. Trade at your own risk! //
AMEX:SPYShort
by TexasTourTrade
1
Technical Bear: Gann Square, Triple Top and Bear Flag on ETH/USDWe are bearish on ETH/USD because Ethereum is trading within the up flag as a type of consolidation following the initiation of a downtrend following a triple top pattern. The downtrend from the triple top is the flagpole of the bearish flag pattern. Following the sharp down movement after the triple top, ETH has been trading within a bearish flag. Once there is a breakout we suggest a high likelihood of a strong down movement, to the low 280s. This strategy incorporates the Gann Fan trend retracement which serves as the upper resistance within the current channel. Three technical analysis patterns - Gann Square, triple top and bearish flag - come together to buttress the strong bearish sentiment we hold.
KRAKEN:ETHUSDShort
by LaurenTrading
Chart of the Day: ES1! Broadening top in progressSince 2018, markets have marked out the 2900-ish range as the top bound for the $ES1. The fundamental reasons are aplenty with the US economy in a late stage expansion boosted by a lot of leverage and multiple expansion. The top range is readily apparent with the triple top highlighted in red. Within the latest top, the price action is potentially developing a head & shoulder formation with a neckline at 2800 which is well supported by strong SSR levels. With the US-China trade war intensifying and S&P500 companies deriving c.50% of their profits from overseas market, it is not immediately apparent what will save the S&P500 from the currently developing earnings recession and from breaking the neckline of the potential head & shoulder formation. Immediate price objective the potential head & should formation would be c.2640, c.-7% downside risk. #$ESA #earningsrecession #tripletop #tradewars #H&S
CME_MINI:ES1!
by WellTrainedMonkey
EURGBP SellHas been in a major uptrend and has hit a resistance and now there is a triple top forming. Great RR. The price will likely hit the green target but i like to get out of positions and not be too greedy therefore will get out at TP1 may re-enter if theres a breakthrough and retest. In regards to my last 6 ideas. 3 are going very well. GBPJPY (4) buy was bad and it hit SL but we re-entered (5) a sell when the support broke and are up way more than we lost on that idea. The other (6) was in good profit but is now in negative but trade is still open.
Short
by UnknownUnicorn4584755