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First I want to preface this that in my trading style/system I take very short term trades, and am often just scalping very high confidence moves (usually trying to buy breakouts minutes before they happen). I never hold anything overnight, and I'm usually done trading for the day before noon. If this is far from your trading style take these with a grain of salt, but hopefully some people find these helpful, I would still consider all of these short-term bullish set-ups. There's a good chance I end up taking none of these trades based on price action in the morning. I trade using 1) Price Action, 2) Sector/pairs momentum, 3) TTM_Squeeze. If you want to learn more about the squeeze indicator, check out this video by the guy who invented it: https://www.youtube.com/watch?v=4gdA-d1I...
With that said, here's a couple of my favorite plays for tomorrow.
NASDAQ:PEIX : I don't know what this is but it's running regardless of the market. This is one of my favorite kinds of plays, 30m squeeze and sym triangle at the top of a breakout (195m squeeze still firing), very high likelihood this 30m squeeze fires long continuing the breakout. Could be a huge move, could be a small move, but very high likelihood of a move. Ideal spot to take profits is the 1.236 retracement (9.36), but would love a move to 9.5. Watching these levels for resistance: 9/9.16/9.36/9.5 (fib levels drawn off the triangle)
NASDAQ:DOCU is getting ready to break out of this daily squeeze. This chart looks a lot like CLOU SKYY did before they brokeout, so the future looks bright for DOCU . Nice potential to eventually gap fill to 260.
Here's the hourly squeeze and little triangle I'm looking at for tomorrow. Admittedly the triangle is rough but I still like the shape of the consolidation here, also 30m squeeze going on. Another day or two of chop/consolidation is totally possible (as with pretty much every squeeze play), but this looks pretty close to ready. 229.5 is big resistance, but after that this could run to 240, a little uncertain on an exact target.
Other setups I'm looking at for tomorrow:
TCOM
IAA
SPOT
LTHM
BABA
DUK / AEP /all of XLU
DG
MTCH
SQ
LB
and still watching ZM NIO every day
Any questions feel free to hmu/ dm me :)
With that said, here's a couple of my favorite plays for tomorrow.
NASDAQ:PEIX : I don't know what this is but it's running regardless of the market. This is one of my favorite kinds of plays, 30m squeeze and sym triangle at the top of a breakout (195m squeeze still firing), very high likelihood this 30m squeeze fires long continuing the breakout. Could be a huge move, could be a small move, but very high likelihood of a move. Ideal spot to take profits is the 1.236 retracement (9.36), but would love a move to 9.5. Watching these levels for resistance: 9/9.16/9.36/9.5 (fib levels drawn off the triangle)
NASDAQ:DOCU is getting ready to break out of this daily squeeze. This chart looks a lot like CLOU SKYY did before they brokeout, so the future looks bright for DOCU . Nice potential to eventually gap fill to 260.
Here's the hourly squeeze and little triangle I'm looking at for tomorrow. Admittedly the triangle is rough but I still like the shape of the consolidation here, also 30m squeeze going on. Another day or two of chop/consolidation is totally possible (as with pretty much every squeeze play), but this looks pretty close to ready. 229.5 is big resistance, but after that this could run to 240, a little uncertain on an exact target.
Other setups I'm looking at for tomorrow:
TCOM
IAA
SPOT
LTHM
BABA
DUK / AEP /all of XLU
DG
MTCH
SQ
LB
and still watching ZM NIO every day
Any questions feel free to hmu/ dm me :)
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