Want to draw your attention to the purple line. the cpr or central pivot zone. notice how price reverts either direct to strike these levels reguardless if price continues or reverses. This same thing happens on daily cprs, weekly, and monthy cpr with over a 90% rate of occurance. This chart is projecting the future weekly levels. it is possible that the...
Stop loss at L4. Entry on L3. Target H3. Extra targets for longer positional trade if successful are labelled on the chart
With a tight stop loss on the weekly L4 it is possibly link maybe have some mean reversion upward based on a combination of camarilla weeky and monthly pivot points levels. Would want to see it maintain and have a reaction from the L3 levels. also oscillation is low. A tight stop is potentially a good setup for this historically bullish asset
Daily chart. with monthly cam pivots. So long as it can bounce off of or hold above the monthly L3. It might be a good entry position after some long consolidation. It is worth noting that the weekly stop loss level for those wanting a stop loss (aka level L4) is around 4.28. For those who want to run a tighter risk reward trade Also a wide cpr and untested...
Mean Reversion Trade is something that I don't usually trade, but in this case, it looks like the candle close is going to form a long shadow candle within the Weekly Chart resistance area(supply area) providing an amazing Reward:Risk.
Litecoin (LTCUSD) Mean Reversion Trade Set Up. Enter after pin bar formed. Enter at the closing price of pin bar. Target previous swing high for take profit. Placed stop loss at pin bar low.
29 APR '21 0:00 Pin Bar Entry at Pin Bar, EMA 10, EMA 20, and Horizontal Support Resistance Line. Entry at Pin Bar Closing Price 84.594 at 0:00. Entry Price 84.594 Take Profit Price 84.867 Stop Loss Price 84.491 2.65 R-Multiple
Combine mean reversion, pin bar, pennant, and momentum for high probability trades. Pin Bar located at 26 APR '21 9:00
Wait for price to pull back to the Exponential Moving Average and Price Level 84.501. Next watch for a price action signal on the H1 Chart.
there is still a day or so to make a stab at 3k. however even if it does the monthly close will leave a several hundred dollar lower developed pivot which historically btc and eth love hitting after closures. It is also worth noting that the developing pivot range is wide. indicating potentially a ranging territory for the next monthly levels. all and all maybe...
Well, well, well.. what an interesting setup we have here in the realm of the metals. It seems that confusion regarding inflation may have caused price overshoots in different directions for different metals. Two of such that glare out to me are Gold and Copper. I will structure the write-up of this Pig-Play a bit differently this time due to the inherent...
While doing my daily search for possible trade options i found that among my many short alerts had a common trait. 5/8 Short alerts were all REITs. Now I'm not saying real estate is gonna crash or to prepare for another 2008 crisis however it appears that most ASX REITs are overvalued from a technical standpoint which opens the idea for a potential short. These...
This is a strategy of short to medium term trading which combine two famous strats, they are: Pullback (mean reversion) and Trend Following. I recently code this strategy using pine script to see how profitable in long run, so later on I can set alert to the stocks in my watchlist (the pine-script source code is in the end of the post). I only apply in long...
TEL indicating a potential breakout of ascending triangle and break above linear regression mean after finding support at -2 standard deviation level. *Confirmation of this breakout still needed to increase confidence of a run higher* Analysis: Multiple bullish indicators suggesting high potential for break above linear regression mean to make new highs. My...
Extremely oversold. While its fundamentals might still point that it is overvalued, its technicals are looking strong for either a strong move back up as shorts take profits and people buy back in now that it is at a key support level and has shown resistance towards a further down move. High Probability, but risky due to its high volatility. Trade Ideas: ...
Apple is at key trendline and 200SMA support right now. It is one of the more oversold tech players and will likely reverse back to its mean. Trade Ideas: Shares : Long around 117.5 for 125 and 130+. 5-10% Swing. Covered Call : 131.25 expiring 4/16 for $1.5 credit. 17.5% assignment probability and a 12% covered return. Credit Put Spread : 110-111.25...
AMD, similar to NVDA, has likely been hit by recent chip shortages. Their profits and market share only keep going higher. This is a fundamentally and technically strong play that could yield high returns if it hold. Trade Ideas: Shares : Long around $73.25-$76 for $83.25, $90 and hopefully $100+. No great options trades due to very low IVR of 5%.