Hey, traders. Yesterday in the last minutes, the SPY gave up and failed to consolidate above 313.1. It means that shorts can work well today. Nevertheless, I have chosen both shorts and longs for today's trades.
The first paper for the AMPY short. What's on a chart: 1. Strong mirror level 1.5. 2. The level is reinforced by a round number. 3. Sold all growth. 4. The pressure is formed with an accumulation of position.
Safe scenario: Entering the shorts after the breakout and fixing under the level. Protective stop order is placed above the level.
Aggressive scenario: Without waiting for the price to fix we place a Sell Stop order in advance and wait for the break-down. We place the security SL order above the level. Perhaps the first SL will be triggered, we will need to enter the position again after the first false breakout.