Hubb is setting up for an interesting short entry on large time frames. After losing a key level of support and returning to highs for a retest, I expect a failure here, so I've scattered shorts across the green zone (and puts). Reward/Risk is above 3.0 here, with a stop well above ATH in the case of a liquidity tap, and first PT as shown. This replicable trade may take weeks or months to play out, but has better than 50% odds of being profitable in my experience.
Trade active
Update: I exited this trade at minimal loss. I didn't like the price action.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.