Don't get faked out, lotta entry opportunities and clear stop levels
Looking for tightening range to develop / bullflag at highs / daily lower high break to lower low Long Straddle / Strangle positions if IV gets crushed around the holidays
Favouring support as it's holding bull flag structure under 50k level and shorts will use that as a stop Would be looking for 60k attempt - weekly lower high
Looking for ATVI to backtest the previous support area of 74.75 with a bear flag Consolidation between 64.50 & 67.75 for multiple days and testing above and below the range with fakeouts galore Premium sellers delight after that volatility
Watching for a bear flag to form next few days followed by a big capitulating move down to fill the gap, test $9 or the 2021 low, and then whipsaw back up. If it could then hold the 50MA and make small higher lows, build some upwards momentum, then it could try to test the last big breakdown level at $17.
Watching for downward momentum to slow and find support above the May low. Targeting a backtest of the break down area/200MA/overhead downtrend line/uptrend line from March 2020 lows Analysis seem to like the Q4 guidance they gave and the market is forward looking with the bad earnings and reaction behind them now. All it has know is how to V shape bounce...
Watching for tightening range to happen while keeping the upwards momentum (rising wedge) The reversal to happen from a false breakout just like the last big pullback July 6th Target - the July 6th level 75.75
SPY momentum fading into the big earnings week Consolidation for 2 weeks during the previous earnings season Staying above the previous ATH to buy the dips and sell the rips barring any big misses?
Looking more like the July 2021 falling wedge breakout than the Oct 2020 by going straight from the low to breaking multiple resistances very quickly. Would like to short a gap up with an inside candle breaking bear back to the 50MA. If previous resistances hold as support and the 50/200MA eventually cross and become support then it might get high
Did APPL really just telegraph the next year of price action with the pattern from August 19th up to now? If the dip in the next few days eventually gets bought just as hard as #8 to #9 on the 2hr chart, spin a top to see if you're in a dream. The short move down from #11 to #12 would be so gnarly on the daily.
Was interested in the market sentiment going into the real bubbly part of the dot com as the market structure looking very similar to what happening now. July 1998 fed hawkish on inflation: money.cnn.com Oct 1998 recession looming down 28%: money.cnn.com Jan 1999 bull run up 102%: money.cnn.com To get that next big leg up potentially would need a big dip to...
CGC looking very interesting holding $13 with next levels down at $11 and the March 2020 low of $9. Expecting it to flush down out of the wedge to $11, not sure if it reaches $9. Have starter positions and would really like to sell naked puts and buy leaps into capitulation type moves. Anyone know any stocks below their March 2020 lows? Are Canadian LPs really...
Looking like Nov 2017 if it can get over 3690 and then shoot straight over 3983 ...or Aug 2018 of it losses purple 50MA Remember Remember the 5th of November +/-