INTC
Analysis is based on simplified Smart Money Trading Concepts.
GRADE A setup!
Even though this analysis is on the Daily Time Frame, the market structure is actually based on the Weekly Time Frame denoted by the "W-BoS". The "Strong" low of $41.17 is considered the trade idea invalidation point. Any break and close on the weekly or daily timeframes below $41.17 would invalidate this trade idea. That means I would exit any long positions for a loss at the $41.17 level.
If you are interested in a free course on how I analyze the markets, let me know in the comments.
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Premium - Discount Zones Explained:
In Bullish market structure/bias ---> Buy below the 50% of a fibo retracement
**Ideally between 62% to 89%**
In Bearish market structure/bias--> Sell above the 50% of a fibo retracement
**Ideally between 62% to 89%**
***Please note: the fibo retracement would be flipped in bearish market structure and the 62%-89% zones would be in the upper 50% of the fibo retracement***
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Reward to Risk ratios could vary between 3:1 up to greater than 10:1 depending on the instrument you are trading and the level(s) that you enter in at.
If you are trading stock CFDs or If you are buying the stock:
4 positions between the 62% pullback($43.29) and the 79% pullback($45.01) would be ideal.
Exits:
1st = $51.28
2nd = $54.01
3rd = $57.55
4th = $61.39
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If you are trading stock options:
NO less than a 5 month expiration!
Suggestion:
July 19 Expiration - Buy CALLS (out of money) between $50-$60
ideally 4 positions
If you need an options calculator, I suggest using: https://www.optionsprofitcalculator.com/calculator/short-put.html
Exits:
(STRIKE price)
1st = $51.28
2nd = $54.01
3rd = $57.55
4th = $61.39
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If you are interested in a free course on how I analyze the markets, let me know in the comments.
THERE IS NO CHARGE FOR AWESOMENESS