MicDrop5

MicDrop5

There are a number of things I like about this short setup. Risk/reward is exceptional, trend shifted down over the past 12 months slowly and steadily, and now we are retesting that before continuation.

MicDrop5

Good risk/reward on this short setup to first profit target. I am scattering orders across the box for ideal r/r. I've seen this setup a lot lately.

MicDrop5

Decent risk/reward here on a CCI short with a stop just above local swing. Diamond reversal in play in a weakening sector.

MicDrop5

FRPH looks to be entering a decent risk/reward zone for a short. The majority of my orders are at the upper line at the top of the red box for better R/R.

MicDrop5

An early sign of a short setup forming on NXRT. I'll be waiting for the short zone, and taking smaller entries at the bottom of the zone vs the upper edge, in order to get the risk/reward I'm looking for.

MicDrop5

Looking decent for a short in the zone. Might wick up a bit into top of range. Decent risk/reward.

MicDrop5

Telus is setting up for a decent short. I was looking at the level in grey initially, but the risk/reward on this setup did not make sense. Thus, the higher zone.

MicDrop5

The risk/reward here is enticing despite being in a bear market. It's a decent hedge long here with a tight stop.

MicDrop5 Updated 

I've avoided this meme stock until now. This entry on the weekly represents excellent risk/reward for a long. I expect it to move up a bit tomorrow for a weekly candle close at the green line. That will signal a likely move to the upside next week based on price action analysis.

MicDrop5

The CVS short I posted in February turned out well. Here we see price retesting highs before a likely rejection. The difference now from February is that we are not just taking a trade off long term resistance, we are doing so after a downtrend has now been validated on the weekly. This is actually a better trade from a likelihood of successfully hitting PT1....

MicDrop5

The reward to risk here to first PT is excellent at 3.98. On the weekly, this is looking quite good for a short.

MicDrop5

KMB has entered a short zone based on price action on the weekly. Risk/reward here makes sense.

MicDrop5

AXDX is currently testing long term support on the weekly. A break of this level and getting stopped out would signal a move lower to the alternate support line shown. This is based on price action on large time frames.

MicDrop5

Risk/Reward here is looking tempting. If the whole market pumps I might get stopped out, but the r/r is worth it.

MicDrop5

Reward/Risk to first PT is 5.23. I would not front run this zone.

MicDrop5

Pretty decent risk/reward here on this short setup.

MicDrop5

PG approaches my short zone. Risk/reward is looking excellent.

MicDrop5

Here we are with another interesting short setup. Pepsico is approaching my short level and should get there in the next day or two. Risk/reward is too good for me not to take this trade.