if we brake and stay above 416.30 , then getting to 417.11 should be very possible that would leaves us with small pullback in the morning tomorrow, C&H and end the week on double top (ATH) at $417.85
Comment
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Im going to be careful at the gap fill (417.13) and Im going to take 70% of my position on the double top and reload if I see C&H formation. I dont have big position and use SPY as general guide of the market.
BTW Im in NKLA since yesterday as it was clear signal to get in.
It's easy to claim that it was a black swan event, being hard or impossible to predict that major dip. But that's what the news calls it. In reality It hit the same resistance on 04/19/21 that sent spy down $3 within 2 hours. Perhaps the news was the catalyst, but that was mostly a gap fill down from yesterday, 04/21/21 that hadn't built enough support, but hit enough resistance for a reversal.
CryptoSandro
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Dam I sold my put option just before the drop and even bought 2 more calls. Hope it climbs soon
CJS04
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It’s no coincidence it happens at the top of a bubble. You’ll see. Good luck buying here. You’ll be smoked with a capital S. 33 percent correction coming sooner than later.
abigreen
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@CJS04, good luck trading on the news.
and please stay away from my posts