UnknownUnicorn256127

UnknownUnicorn256127

Currently in an upward channel. I will not be looking to short this until the lower channel line has been broken. Coupled with high short sentiment, I remain bullish short term.

UnknownUnicorn256127

The NQ got rejected perfectly from its heavily watched descending trend line. For current trades we would need to scale down to a smaller time frame

UnknownUnicorn256127

After a quick flush of the stops above the heavily watched descending trendline the ES is forming a head and shoulders again. Will look for a break of this head and shoulders neck line (depicted by the dotted blue trend line) before entering into a short.

UnknownUnicorn256127

4 hour time frame can see a break and close below the short term trendline. 50% of position size initiated on the trade. Waiting for a retest of the trend line to enter with the remaining 50%

UnknownUnicorn256127

In an upward channel. Would like to see a test of either side before trading on the daily time frame. A shorter term ascending trend line as been broken, a close below that would initiate a short on a smaller time frame. Next is to look at a shorter time frame for the trade setup.

UnknownUnicorn256127

Within the daily channel, scaling down to a smaller time frame. A break of the blue dotted wedge pattern initiated a short position

UnknownUnicorn256127

Price is in an upwards channel and got rejected at the upper end forming a bearish engulfing. On this current time frame I am neutral until a test of either channel.

UnknownUnicorn256127

If price can break the descending orange dotted trend-line, I will go long with a target of the 1.272 extensions at 495. This also has confluence with the previous swing low to high length (blue solid line)

UnknownUnicorn256127

A break below the short term ascending trend-line (Orange) would be a perfect opportunity to short GILD with a target of the previous lows 82.

UnknownUnicorn256127

The last time I traded the VIX was when prices was at 10. I would buy futures and options in this instrument on a close to 10 reading.

UnknownUnicorn256127

A reverse head and shoulders pattern followed by a break out of the descending trend-line indicates strong price action to the upside. I am long, with my target of 58.99, the 1.272 extension.

UnknownUnicorn256127

Looking for a break of the ascending price channel. A break below would leave the door open for a retest of the lows of 141.

UnknownUnicorn256127

Two Scenario's for Boeing.

UnknownUnicorn256127

EXPE was rejected from its longer term descending trend-line, additionally breaking it shorter term ascending trend-line (blue dotted line). With a current IV Percentile of 39% I am more in favor of buying a one in the money, one out of the money put debit spread with 54 days until expiration. For every 1 lot the risk reward is near 50/50.

UnknownUnicorn256127

Retraced 50% of its low to high break-out from the descending trend-line. A break above the blue dotted descending trend-line would initiate a long trade with a target of the 1.272 extensions at 173

UnknownUnicorn256127

After creating a reverse head and shoulders (smiley face on the chart :)), price broke the descending trend line. A current retest of the trend line is a perfect time to initiate a long with a stop below the trend line. Target, the 1.272 extension - 106.

UnknownUnicorn256127

Currently in a wedge pattern after creating a reverse head and shoulders (blue rectangles). A break of the upward trend line would initiate a short position, whilst a break above the descending trend line would initiate a long position.

UnknownUnicorn256127

Two setups here; The first, a broken upward channel, broken to the downside. A short with a target of previous lows. The second; a potential reverse head and shoulders (blue rectangles) which would suggest an upside movement. I would be waiting for a break of the descending trend line (dotted blue) before initiating a long position with a target of the longer...