Head and Shoulders formed in DIAHead and Shoulders pattern created in DIA chart on September 17th. Downward baseline/trendline formed between the 17th and the 30th of July. Idea is that the market drop from the Head and Shoulders pattern must break down through this trend line (minimum drop level) before a bottom forms from this play. Short Call.
DIA trade ideas
The bearish div on the DIA Monthly might be my favoritefor a monthly, its just incredible
this has been such a personal growth journey in understanding how herd mentality and consensus drives humans to participate in patterns--despite the clarity.
hard game this one is.
the hard part is keeping anything.
Cup and Handle No Rising WedgesThe C&H pattern is Slow in forming but is forming NO Rising Wedges noted
The prior gap down may cause Hard R above price
QQQ, SPY and IWM are all traveling in a rising wedge.
Narrowing Rising wedges can be long term patterns and can travel up in them for a long time. Just be aware of the bottom trend line.
Rising wedges slope upward and contract at the apex.
Falling wedges at the bottom are often bullish and can signal a reversal from a downtrend. Examples, CBOE, CME, HSY
Not a recommendation
RV StocksI'm looking for a group of stocks to run with, as the stock market no longer makes any sense, I thining the RV market will benefit from this pandemic. I myself was planning an RV trip and before I pulled the trigger prices for rental at Cruise America mooned (lol a little crypto joke).
What do you guys think
DIA - 22.6.2020- WHAT COULD WE EXPECT OF.. Hi, traders.
My name is Lukas and I am a beginner in trading, respectively, I only trade 9 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest.
Short description of analysis:
We are getting out of the average local volume profile values, so be aware and expect input at $ 250. Of course, this must be confirmed by the volatility index. Keep in mind important fundamentals.Of course, my analysis does not serve like market forecasts and I am not responsible for your trades if you use my analysis for your own trades.