Although the possibility of shorts being squeezed out here is very real, I cant ignore the patterns in front of me. Long TF bearish bat and a shorter TF ABCD playing out. I think it's early enough in the ABCD to get some good RR.
Rode some up, then some down already. No position currently. Looking for some bearish continuation in the next few days (1-3 days) into the 8H dz.
Financials OP right now, but gonna try a short pos here anyways. RIP me.
Going to try to short the best stock of 2019, RIP my account see you in heaven.
2 boolish shark (3D chart & 4H chart w/ same reversal point) lez go
Bullish Gartley Pattern appearing on the 1D Chart. Could be worth playing small size as the range it offers has huge returns. Bullish Crab also appearing, but if that completes that would mean all time lows in the range its been in for the past few months. The measurements on the crab are pretty exact so I would play it a lot heavier if it gets that low...
Monthly: in the middle of forming a giant gartley, currently at the 618 retrace. Daily: completed a cypher pattern. Momentum pointing up. Intraday: currently forming a small inverse head and shoulders. Looking for ~34.00 entry
After riding this up from the previous gartley, a near perfect Bat Pattern is forming. Looking for bearish price action for confirmation at the 113.8~ levels. GOOD LUCK AND TRADE SAFE
ATVI squeeze & RSI Bullish Divergence + Trendline Support Enter in GREEN BOX. Exit below with a daily close of GREEN BOX or more depending on risk tolerance. ( if break of green box it breaks pattern IMO ) This looks like it could be a long trade if it stays in pattern. Low risk trade :^) gl hf
Sector has been hot for a while. Its time for either a pull back or consolidation so the plan is to sell a call spread. Bearish Divergence on the momentum indicators. Once the daily RSI is pointing down ward, this will be a great opportunity.
4H technicals priming for a scalp play on RTRX. Cut beneath close of trend line on 1D chart unless sell volume unusually high. Entry price: 27.35 First price target ~29.00 WARNINGS: very volatile stock, did poorly on previous earnings few days ago.
Nice risk/reward ratio. TL support, 4H technicals bullish. In with 50 shares at 6.15, will cut with a daily candle close beneath 5.90-6.00 Very volatile stock that offers lots of potential.
Looking for a short term upswing on HTZ using the PINK trendline as support. Momentum indicators show a short upside coming b/c of bullish divergence. 4H/1D charts look promising for a 10%+ play. Plan is to cut beneath a close of the trendline. I've already entered with half my desired position using shares bought at 13.61. I plan to add more if price action...
Car looking for reversal at a previous lowpoint with Bullish Divergence and showing a Double Ballsack Pattern. Technical indicators looking great on the 4H, and 1D. Enter if price action is upward & cut if it dips below support (YELLOW BOX). Looking to begin scaling out around the GREEN BOX if trade is entered.
ORCL short position. 8/17 $47 Put purchased. Will close if a 4H candle is looking to make new highs. Bearish Bat as well according to user Finance Rhino