🟢 Added to SPCE Target 46.68 for 32.54% (Risk Level - Med/high)
Or double position at 15.94
I added again today at 30.76 I rated this one Med/High because the next true support is down at 14.28 And there are also two gaps to fill, so if in doubt just wait and come in lower.
----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can. Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
@y01004750, The only thing I see down lower is that gap that still needs to be filled... something to look out for... around 17... I'll definitely double down at that level...
pechi123
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After breaking the top of what seemed to be wave 1 now wave A @ 34.04 it fell to 28.63, from there we now see that 34.05 is resistance, yesterday's high 33.90, today 33.69, a series of lower highs, in all probability 28.63 will be broken, and may eventually break the 5/11 low 14.27. There is nothing here, unless a bullish contracting triangle develops off 28.63, but there is no evidence of that yet.
SPYder_QQQueen_Trading
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@pechi123, Interesting analysis. Are you referring to Elliot waves? I don't know too much about that but I'd like to learn more. I like to establish long supports and add at those levels but thank you for your contribution and I'd love to hear more. ☺️