Daily has hidden bear divergence
4 hr has already set up normal bear divergence (higher price lower momentum)
Price seems to stop around a possible support turned resistance point at 30s area. would like to see TWLO retrace back higher to 31 though.
if TWLO drops from here, will wait for a retrace on that drop to grab longer term puts
4 hr has already set up normal bear divergence (higher price lower momentum)
Price seems to stop around a possible support turned resistance point at 30s area. would like to see TWLO retrace back higher to 31 though.
if TWLO drops from here, will wait for a retrace on that drop to grab longer term puts
Trade active:
missed this on Friday. opening shorts today if possible. 2 divergences as mentioned above. both on daily TF and 4 hr.
Comment:
so far so good. might close out half my position before aug 7 ER. not sure if we will reach lower lows... that'd be creating new all time lows on a stock that IPO'ed not too long ago (never seen this before in my 2 years). a double bottom might be possible
Comment:
possible H&S? gonna hold my shorts through ER. yolo
possible H&S? gonna hold my shorts through ER. yolo
Comment:
more detailed look at why im holding shorts (and adding more possibly) through ER.
type 2 divergence present on 1 hr chart, waiting for a new high to complete right shoulder, bounce off .786 fib, bounce off bearish order block, and establish type 1 divergence
more detailed look at why im holding shorts (and adding more possibly) through ER.
type 2 divergence present on 1 hr chart, waiting for a new high to complete right shoulder, bounce off .786 fib, bounce off bearish order block, and establish type 1 divergence