GT + FIB + previous high. Fibonacci Retracement Bounce: The price is bouncing near the 0.5 Fibonacci retracement level, which is a common support zone in an uptrend. This suggests buyers are stepping in at this level. Risk-to-Reward Ratio: The trade setup shows a favorable risk-to-reward ratio (~4:1), with the potential upside significantly larger than the...
Symmetrical Triangle Formation: The price is forming a symmetrical triangle, which often indicates a potential breakout. This is a period of consolidation, and breakouts can provide strong momentum if volume accompanies it. Risk-to-Reward Ratio: Based on the chart, the potential upside (green zone) is significantly larger than the downside (red zone). This...
Plan A: Sell Put Option $35 monthly (4 weeks ~ 30 days) to earn premium income 4-5% the collateral fund. Plan B: I'm willing to hold YINN $35.00 for long term and write cover call to earn 4-5% premium income every month + dividend income. $35 is the Order Block (OB) level in the Weekly TF.
GT ($8.77) - VTN ($12.5) - Fibo ($12.45) Plan A: Sell put option one month expire to earn premium at $12.5. Goal to earn 4% monthly premium from collaterals money. Plan B: I am willing to hold SOXL long-term at $12.00/share if I need to exercise my Plan A sell put option. Plan C: I will sell cover call option for Plan B to earn 4-5% monthly premium income...
I have been watching NYSE:XOM last 2 weeks when it started to pull back from $120. Price find support at Fibo 0.786 level and also a major SR area (blue area) R:R is 1:3.
Waiting for price to react at the consolidate zone HKEX:25 -25.50... so I can go long. My Target buy is at $24.33... this area has a lot of reaction. GT - VTN - Fibo.
Awesome entry level for QYLD. R:R = 1:3... high dividend ETF.