As another request, I’ll do an analysis of TCEHY today. Well, we can say that Tencent is doing what was expected to do, after it hit the “resistance zone” is now dropping and it seems it find a bottom at the light blue line in the chart, which is the previous top zone.
TCEHY is doing some very precise and technical moves here, and now it did a bullish pattern, a...
SPY Sold options picked up at close yesterday (see linked idea) for 100% gain today! Sold 2 Aug 23rd C190 bought at .41 apiece for .82 early this morning. Played the Upside Tasuki Gap pattern, and it paid of for me. Love when a plan comes together! Happy hunting and GLTA!! QQQ
SPY According to the research, the upside tasuki gap three candle pattern gave bullish returns 57% of the time the next day, bearish results 43% of the time the next day. It's an interesting pattern, and doesn't actually occur all that often. I generally like trading it, and picked up 2 basically lotto QQQ calls for Friday to try and sell premium if it turns...
QQQ Finished printing the 3 candle Upside Tasuki Gap pattern today. Linked diagram below. According to studies of the reliability of this pattern as an indicator of next days price action, 57% of the time this pattern presents itself prices rise, while 47% of the time they continue downward. While that may basically seem like a crapshoot, any advantage in...
