ashpat86

ashpat86 Updated 

Started with monthly VXX Strangle 2 strikes wide. As volatility kicked in, sold off the profitable trade (a put) and then used the rest of the time to allow the bearish sentiment to kick in. the problem was a lot of times the option would be reach ITM (In-The-Money), but I would hedge by tightening up the strangle by adding another put once the direction changed....

ashpat86 Updated 

FB stock repeating July 2018 pattern. Expect price to further decrease until it increases. The difference here is that MACD has already crossed over into bearish territory. Stochastics has moved into oversold territory and weakness in the trend shown by the RSI is looking oversold. RSI signal line of 41 is still in range between 50 and 20. This shows that there is...

ashpat86

2012 chart pattern being repeated for the SOYB fund. Estimated 4-month holding period before another correction takes place. Taking a long position on the head of a potential head and shoulders pattern. The regression is 0.04 less (0.958 vs 0.914) than 2012 so made an adjustment to the estimated holding period from 3-month to 4-month. Placing stop loss at the...

ashpat86

Testing a strategy using Level 2 order flow with technicals. This stock has a gap up and order flow is showing huge orders on the sell side (outflow 108 vs inflow of 104) which shows the supply side is taking over for the very short-term. It's better to put in a limit sell order to wait for the price to reach before getting a fill. MACD is also showing overbought...

ashpat86

Copper prices breaks resistance level after over a decade. Reason for this is Copper has responded to China’s industrial growth and global manufactured goods demand. Idea originated from CME and Goldman Sachs Exchange podcast - Copper is the new oil.

ashpat86

F+S Stoch in overbought territory. MACD overbought without cross-over. No MA cross in MACD but past patterns have shown F+S Stoch as good readings. Bearish candle increasing probability for short position.

ashpat86

Pattern matches the previous bullish pattern and price moving in upward trend.

ashpat86

SMAs cross and MACD cross zero including signal line. Entry at 542.33 GTC order.

ashpat86

MACD bearish cross. Putting a short sell order on AMD at 76.47 with stop loss at 79.24. Fib showing 50% reversal with 50% chance the stock goes either way. I have a bearish bias due to Moving Average convergence.

ashpat86

NIO sell at 61.8% Fib reversal level and estimate the MACD signal to cross zero level around 27.14 point. A good price point to short this stock.

ashpat86

Buy signal for Palantir at 20.53. bullish cross in SMAs, awaiting price to cross 20.53

ashpat86 Updated 

Cara fib analysis trend reversal back to last support level. Level 2 quotes showing sell side order flow. Looks like bearish trend for tomorrows earnings call.

ashpat86 Updated 

Chart shows temporary bearish sentiment in MACD and massive gains wiped out due to the shorts kicking in. High BVPS and CRPS allows reinvestment in future potential in this company.

ashpat86

USOIL is on its way to complete the head-and-shoulders reversal pattern. Evening doji star signals a bearish trend but the upward move denies confirmation. Wait for price to breakout resistance level at 77 to establish a Buy Signal. Profit target of 108.80. MACD higher than signal and on the upside showing bullish sentiment.

ashpat86

Head and shoulders pattern shown reversal in the trend. Starts with a bearish engulfing candle with subsequent confirmation candles of the downtrend. Consolidates and gravestone doji signals another bearish move to the downside. Price has broken the support level to confirm the head-and-shoulder pattern for a further downside move.

ashpat86

12-day MA > 26-day MA = Bullish MACD higher than signal = Bullish Current candle bullish engulfing candle = Bullish

ashpat86

Price break-through MAs and head-and-shoulders pattern with wedge formation MACD head-and-shoulders reversal pattern

ashpat86 Updated 

Ranging downward in the long-term trend. Consolidation in the short-term. Wait for breakout at the lower price levels. Long-Term = bearish. Short-Mid Term = Neutral Wait for a break-out between the range to enter into the trade.