SPOT trade ideas
Risk cancellation 1 Risk cancellation happens when you have an unrealized gain that can cover the risk you set for that particular trade.
It can also be a situation where an open position is on the winning side and just waiting for a trail stop/target profit to be executed.
In those situations, set your stops at breakeven.
Risk cancellation may give you more room to add trades/positions without adding the value at risk of your portfolio.
SPOT short position the RSI indicator is at the overbought conditions which could result in a price drop.
MACD is also showing a decreasing positive momentum and we may get a bearish cross soon.
The move seems to be a little bit overextended therefore the correction may be expected.
entry, stop loss and 2 targets are shown on the chart.
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A look into Spotify TechnologyHello, here is a brief personal analysis of Spotify Technology on the NYSE for the medium-long term.
With price information from April 2018, it is a fairly simplified graph, let's remember that entertainment and technology companies were one of the few areas, along with pharmaceuticals, that saw maximum peaks during the COVID pandemic, compression and distribution time has passed and we can see a bearish elliot waves completed with final impulse 5 early this 2023 so we seem to be riding at the beginning of a bullish elliot waves standing at 1 or 1/2 spotify balances this afternoon and can define quite a bit the path to follow, we find value in the medium-long term, let's hope that the days go by.
A cordial greeting to all!
SPOT ShortEarning 4/25/2023 before Market. (Miss)
Open GAP and ran into Supply Zone, sell pressure confirmed Supply Zone.
Short Sell 139
Stop 150
Target 117, 100
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
SPOTIFY BEARISH SETUP ( SHORT TERM )For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
SPOTIFY - Breakdown is ComingA rising wedge always ends badly and this one is near completion. When the price breaks down out of the wedge it will likely drop till it fills the gap at $102. The difference from $128 to $102 is $26 for a pullback of approx. 20.3% .... I suggest you Take your profits now.
SPOT ShortDowntrend consolidation
Next Earning 7/28/2022 Estimate -0.67
Short 104
Stop 116
Target 60
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Buy Put Butterfly Oct P50/65/80
Limit 1.5
no Stop in option
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