Definetely took some risk on early wednesday with some high theta 7/15 SPY puts before close. Purchased just out of the money at 298. They sunk.20 cents+ into close and with the holiday Thursday, I really thought it was 50/50 at best whether or not I was going to get pummeled at open Friday. It was a risk I was willing to take. While the dip didn't last, it was...
Triple Top Resistance (Black Line)
Fibonacci Retracement 0.236 Support (White Line)
Broke the fibonacci retracement level 0.236 (Weak GBP)
Support at 1.26500 potential entry point for support back
into descending channel.
FED fighting back and not buckling under political pressure to
We are bearish on ETH/USD because Ethereum is trading within the up flag as a type of consolidation following the initiation of a downtrend following a triple top pattern. The downtrend from the triple top is the flagpole of the bearish flag pattern. Following the sharp down movement after the triple top, ETH has been trading within a bearish flag. Once there is a...
After a week of a continual bullish move, gold looks to be finally slowing down with NFP news pushing it up to make a triple top. Now looking for a sell to the 61.8 Level, potentially to the 78.6 also if this current Resistance level holds.
PATIENCE - CONFIRMATION - ENTRY - PROFIT
Since 2018, markets have marked out the 2900-ish range as the top bound for the $ES1. The fundamental reasons are aplenty with the US economy in a late stage expansion boosted by a lot of leverage and multiple expansion. The top range is readily apparent with the triple top highlighted in red.
Within the latest top, the price action is potentially developing...
After we had the spectacular upward moves to ~8,300.00, BTCUSD seems to be out fuel. Every time the price attempted to rise above this level, it failed. As a result, it's formed a Triple Tops pattern. A declining volume after the formation of the first top is another characteristic that suggests Triple Tops for the formation. For this chart, the breakout occurs if...
( Day Trade )
Shorting EURGBP at 0.8828 with a Sell Stop Order
Risk : Reward
1 : 3
30 pips loss : 90 pips gain
Don't Follow if you don't know how to manage your risk according to your account Equity!
Happy Trading :)
Has been in a major uptrend and has hit a resistance and now there is a triple top forming. Great RR. The price will likely hit the green target but i like to get out of positions and not be too greedy therefore will get out at TP1 may re-enter if theres a breakthrough and retest.
In regards to my last 6 ideas. 3 are going very well. GBPJPY (4) buy was bad and...