QuickTrade 163 : SNOWLong, looking for a test of the 21h on the 50h
Short looking for new relative lows
SNWF trade ideas
SNOW ShortBounce back to supply Zone, Zone Confirmation
Trendline break
Earning: 8/24/2022 Est. -0.01
Short 139
Stop 157
Target 100, 80
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.
SNOW - pressure building1. weekly downtrend broken
2. weekly - exhaustion volume followed by some consolidation
3. weekly - bull flag building
could look for entries - around the monthy-weekly open level. I'm getting the best read on a weekly chart
Bull flagA bull flag is forming after a significant drop + breaking above the lows. It might be the bottom.
QuickTrade n. 132Long, looking for a continuation of this cross test of the previous high
Short, looking for a failed cross with re-test of previous lows.
Long IdeaThe Vortex on a weekly chart is giving a buy Signal as well as the VSA highlight a big Volume on the Downtrend which indicates a squeeze of sellers.
Disclaimer : this post is not an investment advice, This is for educational purposes only. I am not a financial advisor.
Possible SNOW shortNYSE:SNOW
Double Top
Bear Flag on the Daily
Rejection of the GZ
PT: 160-155
SNOW OCT 21th 175p
SNOWDaily RSI broke down and closed underneath RSI trendline for the second time. Weekly close back under the 50 on RSI and a break of RSI trendline.
SNOW - Bear flag break downI would wait for a pop to 165 and short it. It has a long way to go down.
$SNOW $SNOW pushing higher from the AVWAP on 3/3/22 gap down. Moving up nicely in the regression channel from June lows.
QuickTrade n.88 : SNOWShort, looking for a continuation of this bearish cross
Long, looking for a fake-cross +double bottom at $165.85
SNOW Bounce 2.0 bullish setupThis one straddled the 9/12-9/13 dates since it gapped down, but that gap down seemed to create a perfect long entry
#SNOW long ideaHello dear Traders,
Here is my idea for #SNOW
Wait for daily close above the yellow trigger line (previous month high) to enter trade.
We try to anticipate a 2-1-2 bullish reversal in the weekly chart and 2-2 bullish reversal in daily
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
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Channel Up//AB=CD BearishAlmost like a huge bear flag but this flag is a bit heavy.
Overall trend broadened.
At a level of support today even if temporary.
If price breaks Channel support line I will re-evaluate.
ABC Bearish in this case AB=CD) with a shooting star at D.
No recommendation
$SNOW EASY GAP FILL Going for the gap fill just looking for confirmation of a close into the gap
LOOKING AT 170 Puts
- We need to close below that blue support line
- Better confirmation on bigger time frames
- looking for a pullback if not then a straight rip to the downside
Nothing to sayIt's called gravestone doji.
The Gravestone Doji is a candlestick pattern that shows the opening and closing of the candle at the low of the day and is quite bearish.
It is typically seen at the end of an advance where the upper shadow represents new high ground for the move.
The fact that prices end the day at the opening (after all the work at higher levels) is indicative of a change in psychology and is really a sign of exhaustion.
Earnings watch 3/2 post-marketEarnings watch 3/2 post-market:
SNOW
CHPT
AI
CPNG
OKTA
SGFY
AEO
VEEV
VSCO
SPLK
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
3TV - 3x volume test
www.tradingview.com
SNOW: Resistance Becomes Support with Earnings Gap UpWhen this company IPO'd it was the big stock of the year. Alas, there has to be more to a company than a cute name.
SNOW had its earnings report late in the season and it gapped up on the news. The gap jumped over resistance, so it is not likely to fill easily. Resistance becomes support for this type of gap. This can suggest that SNOW may be a company beyond recovery and into potential long-term growth.
AnalysisAs you notice, we are in an uptrend and we will not go against this trend, but we will keep an eye out. The market may continue to rise if however we break the resistance line with strength. On the other hand, we could have a heavy drop if and only if the vwap indicator as well as the support line are broken with force. Thank you for your attention.
