FL Bearish Pennant Ok first of all no comments on the Van Gogh li,e drawing please.Its late and I’m no,good at graphs.
But I gave no doubt that FL is set up perfectly for bearish pennant with exit price price around 25-28. I will be opening 100 SEP 20 31. If you look at this strike price you will see OI of over 11000 so thinking someone know,something.
In terms of Pennant look at form and also look at massive volume drop off over last few days. Don’t know when will happen but will be before September 20
Short-put
ILMN Breakdown Put SpreadILMN Sold off big time and fell lower, similar to ALGN
Put Spread $282.5/252.5 EXP is September 27th
30 points wide and cost was $9.13
Market continues to sell off and it could move lower to EMA 200 where it may bounce.
Exit 1 underlying price of $252.5 and max profit will be $1050 Time looks good and my preference for this move is around 45 days.
Max loss is $500 USD
Exit 2 is market rally's on some kind of news and this stock moves higher blows through 300 and just complete destroys my original plan.
Expecting price to come down to 285NSE:BERGEPAINT stocks trending up for 6 Days and shows signs of weakness, it may fall to 285 kept under watch list for addition of put options
BTC testing 50 EMAWe are at the bearish for the last 8 hours however, we are now testing 50 EMA.
If we pass it, we have a chance to go up to 10000 USD if we will get pushed down the price might drop to 9400.
Either way, it is an opportunity to make some profit.
Good Luck!
another one for short sell watchlistNSE:PIDILITIND was trending for last 5 Days and waiting for 15 mins trend reversal confirmation to proceed with short sell , Else it will become invalid..
One more on short sell watchlistNSE:AMARAJABAT was trending up for last 5 Days and multiple resistance on the top of this chart.waiting for 15 mins candle reversal confirmation to proceed with short selling or PUT option buying.
Kept under watchlist for short sell or PUT option buying NSE:ASIANPAINT trending for last 5 days and forms enters double top range, under watch list for potential short sell or PUT option buying.Crude oil price variation may have impact on this script.waiting for 15 Mins reversal to proceed with short selling..
SPY ---> Bearish Megaphone Pattern PT ----> 210
DEC 18 2020 Ps @ 9.00
SL @ 36.00
These are my personal option plays. trade @ your own risk!
BTC BTCUSD Three Drivers with Triple H&S so far? Crazy right? v2Here is a possible scenario of the previous idea for BITSTAMP:BTCUSD . I seriously doubt it will do another 2 sets of H&S but so far it does follow the Three Drivers.
This is an extended version of:
Let me know what do you think about this madness.
VISA - Short or PutMACD in BIG Divergence. The price is already showing signals to go short.
The descent should be at least 150, which is the closest strong psychological level.
CVNA Bear Put SpreadCVNA is still a bearish position for me I plan to put in a 70/75 Bear Put Spread as it seems to be continuing sideways I felt my 60/65 spread was too close and I took a loss on it. In the end it may still have been a fine position I could have over reacted out of fear.
I plan to put on this trade $70 profit max loss is $430 I will buy 2 spreads
$140 max and $860 max risk
Profit target is $70 and max loss is $140
Target exit will be end of June.
Facebook Bear Call SpreadFacebook bear call spread 185/190 ending July 19th, re-eval on July 1st
$150/350 Reward/Risk
Target is $120 with $240 max loss.
SPY is fading FB may follow if it breaks support
CVNA Parabolic Arc Retracement PatternCVNA is slowly losing momentum. Recently released a debt issuance and it dropped its after hours trading lower to around $64.
CVNA could lose steam and change direction like it has in the past. I write a call at $45 and buy a call at $70 expiry is August 16th.
45/70 Credit Spread EXP AUG 16. $1570/930 Risk (May change after I put on trade)
Target exit is July at around $800-900 profit.
"A" Short Idea I bought a call credit spread against "A" 72.5/77.5 Credit spread exp June 21st Fill Price 2.49
Earnings are tomorrow but due to the uncertainty in the air with the whole tariff move courtesy of trump everything that recently looked good will look less good because everyone will be skiddish. Let's see how it pans out.
Max loss $2.51 + commission
This is a journal entry and not trading advice.
Reliance Industries - Short Reliance Industries should go down from here and touches 1200 , Clear evening star and negative news flowing
Preparing for this weeks earnings! - DSWEarnings: Tuesday before open
Technical: Sell
Forecast: Expect a decline in earnings
In the last 20 days, it has done nothing but go down
Action: Buy a put
AMZN down trendAMZN is currently down trend since October 2018. Resistance is at $1650 (100MA) and support is at $1600 (50MA). Since January 2019, 50MA has been touched 8 times so it's a very strong support. If it breaks support with strong volume then it could go to support trend line in 1 month.
FB-Option TradeFB
Rating: Strong Sell
Trades are first posted on FibMarketWatch.com
Dirty Facebook
Option Trade: Long Put
Expiration: 15 MAR 19
Strike: $165
Type: Put
Mark: $4.55
Entry: $4.40
Trade Goal: Double
Trade Time-frame: 5 Days
Trade Target: $150
Will update.
-AB
XSP Options short, Long putI'm conscious of how price has behaved around the highlighted pivot zone. This could be a good spot for strong rejection.
Momentum
indicators are showing a loss of momentum on low time-frames, and we have failed to break resistance for a couple of days.
Volume
We are now seeing a pronounced drop of buy volume visible on the daily and hourly charts which could indicate trend exhaustion is possible.
Time analysis: TD sequential on a green 7, unlikely to complete a full cycle, which could mean a slow and steady breakdown rather than a rapid selloff. This could mean
Momentum: MACD histogram is negative. RSI is constantly posting lower highs, and lower lows
overall sentiment on trend on lower timeframes is uncertain (previously bullish) and on longer timeframes remains bearish.
PKG ShortSPY breakdown leading to overall downtrend, PKG seems to have fizzled out of its ER catalyst cannot hold these levels I predict its going lower.
Strike $85 $2.4 Stop at 1.2
May go lower if spy continues
#Twitter |$TWTR 's #ABCcorrection couldn't be ANYMORE OBVIOUS!#Twitter |$TWTR 's #ABCcorrection couldn't be ANYMORE OBVIOUS!
$ICC Put limit order placed. #ichimokukinkohyo #timetheory $ICC looks bearish here looking at the 1D and 240m time frames. PUT order placed. See chart for details.
$FB moving lower. Time for another short.Expecting a short today and tomorrow. Probably moving along the wedge.Target $155/$156 by EOW.
