The recent rally is momentous and some brighter days ahead but i think it will retrace thursday or Friday. Set yourself up carefully and methodically. Risk management over everything
Let me know what you think. My strategy employs selling puts at a certain price, time, and level. I will switch to selling calls when it's indicated.
This weekly tf look bullish to me The bottom of this trend is right on the 200 ema with an oversold RSI The final candle is what kept me on the fence.... It posed a question. Which side has the advantage? The big body has a lot of selling but a long "underneath wick" is better than a short one. The wick is 18 points The body is 13 points Is a bull reversal...
The video speaks for itself, feel free to comment and speculate with me.
Love pins position right now. Looks very bullish to me.
Feel free to speculate with me. Enjoy yourselves and happy trading.
Hoping to get in for the ride at the open. Please have risk mgmt in play and be quick about your entry and exit.
Welcome all comments and feel free to add to the speculations
After the $395 retracement I think enough momentum will make spy bounce and break out of it's current bear flag. $400's coming soon but the question is, will it stay there? Probably not.
Before taking a bullish position wait for it on a smaller time frame (don't leave money on the table) Currently overbought on the 15m time frame I would wait for a retracement before executing the price gaps up on the open.
Look to enter around tomorrow's low of the day. Price target: $700
This has proven to be a level of resistance multiple times. Sure it can break through but it will be a false breakout since by then it will be overbought. Perhaps after it retraces from there it can truly break. For the short term I'm going with shorting at $415 to $410 SL $418. This is a scalp I plan to do if everything goes as planned. I will post my entry and exit here.
It's looking like the bulls lost strength on Friday and it may continue tomorrow but the trend looks good for a long around $16. This level appears to be oversold levels combined with ER speculations I think there's an opportunity for a swing set up. Stop loss at $15 Price target >$18. Definitely out before earnings.
Long entry $655 Stop loss $650 Pt $665 If I don't have a trailing stop loss in place
pt $680 Sl $610 Appreciate any feedback you guys can throw at me
Seems like the price is moving out of my triangle and not for the better. Sideways is best case scenario but it looks to be overbought here and being under the VWAP definitely not helping. I think $850 by the EOW.
Nio blew it's shot to reenter my triangle and breakout to the upside on Jan 4th(check out the red arrow). I bought puts $30 puts when my $33 dollar entry alert triggered with $34 stop loss. That stop loss is now at $32. This failure will most likely send the price to retest support at $28. Personally I don't think it will hold but we'll have to wait and see what...
This is a tutorial, just know that if you're wrong you lose your collateral. Hope you found this insightful and helpful.