MicDrop5

MicDrop5

STLRF has entered an interesting buy zone. Long term support. Based on price action at highs, this level is likely to hold. Volume helps to affirm that. Risk/reward is favorable, though stop is still a bit away, so position size should be considered relative to portfolio value.

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Decent risk/reward here for a swing long position on BABA at Buy Zone as indicated. Stop loss is essential.

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Risk Reward here is exceptional. ABAT is setting up for good swing trade long.

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Exceptional risk/reward here of 8.6 with stop loss and PT's as shown below. Tight stop is essential.

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Risk/Reward here is extremely favorable to the short side. As with all shorts, it's best to use caution and position size accordingly, and that stop loss is essential.

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This is where I start accumulating SEDG again after being stopped out a few months back. Risk/Reward here is above 3. I have resting orders scattered across the green zone with a stop at the swing low.

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Reward/Risk here on a short is over 6. That's really good. If I get stopped out, it will be a minor loss versus the possible upside.

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Looking interesting here. This is starting to smell like a bottom, since it gained that swing on the daily. For you pattern traders, a diamond reversal is in play. Risk/Reward here is pretty decent WITH STOPS at the low.

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On the weekly, Google has violated it's uptrend and is approaching a nice short zone for a decent risk/reward setup as pictured.

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Starting to see signs of a turn on SEDG. Volume coming in with a bit of sideways accumulation. I'm scaling in with a stop loss as pictured.

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This Is What Accumulation Looks Like. UNG Is Likely Setting Up For A Move Up Soon. The Price Action On The Weekly Is Showing Accumulation. Volume Is A Secondary Consideration To Price Action, But It Helps To Confirm Our Thesis.

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Everyone is bullish right now. And yes, the SPX could moon to 4700. But here's why I'm exercising caution now.

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Risk/Reward right here is too good not to take a small position with a tight stop. I'll probably get stopped out, but that's fine. Second buy zone is also shown.

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Nice risk/reward here for shorts on higher time frames. I'm playing this one with a wide stop and conservative entries.

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The opposite end of a swing can give clues as to what to expect is likely from price action at a zone.

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Decent Reward/Risk of 4. Excellent setup on high time frames.

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RELX has performed a liquidity sweep above previous ATH and is setting up for a lovely example of what I like to call a bullet catch pattern. The catch is considerably wider than the impulse move (bullet). The street trapped retail traders above the ATH in longs and can now flush this thing. The key here was the candle BODY close below the orange line. That was...

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Normally I use pure price action to make my trades. This however, is a pattern I've noticed based on some of my best trades over the past year with probably about an 80-90% strike rate when I find one. So let's call it the "Bullet Catch Pattern". You notice that over a large number of candles, price has done a slow, steady reversal in either the upward or...