Insider Bar Based the Uptrend Line Vs Down trend Line breakout
My guess would be #Short
Why ?
------------------------------------------------------------------------------------------------------------------
(1) US rig counts keep on increasing
(2) Due to Hurricane US Consumption will be less
(3) US will not allow to Increase crude price to ensure IRAN ...
Although both FDX and ORCL announce earnings tomorrow (Monday) after market close, the underlying with the implied volatility metrics I generally look for in a volatility contraction play are present in MU, which announces Thursday after market close.
With a rank of 82 and a 30-day of 60%, the 70% probability of profit 39/52.5 20-delta short strangle is paying ...
Oil Left translated on the last Daily Cycle but did not take out the previous cycle's low as expected. It also did not close above the 10 week MA after making a swing low last Friday. This leads me to believe we are seeing another Daily Cycle within this extended Intermediate Cycle, which should also left translate, and this time, move to a lower low, taking out ...
The upward Trend is broken! Oil begins to look bearish.
Support1 at 13.04
support 2 at 12.56
Support 3 at 11.75.
Short with T1 at 13.00
I use options USO Oct 12.00 puts.
Happy Hunting!
**Market Structure**
*Market has been making higher highs
*Large rejection off of the key support zone of $67 - $66.40
*Intra-day pattern is a 2 bar reversal, daily is a bullish pinbar
**Trading Ideas**
*Go long at an upper break of the pattern for a less aggressive entry ($68) or enter long on a pullback for a more aggressive entry($67-$66.80)
...
This video discussed the large bullish weekly pinbar setup that has formed in light crude. I discussed the current market structure, trading tips and trade ideas. Notes from the video are posted below.
**Current Market Structure**
-Long term bullish trend
-Price has stayed within bullish channel
-Large bullish weekly candle from pullback off of key ...
The 1 year IVR in USO has reached 93%, and has reach 100% on the 90 day IVR. This is exactly when we want to begin selling premium. In this case I decided not to sell a straddle(selling both a put and a call), because I don't like the upside risk I would be taking on. With this trade, selling a put, we are both selling premium and getting ...
Since opening at 9:30, the first local maxima occurred at 9:34am and the second local maxima was at 9:50am. There may be another at 10:34am..
https://invst.ly/7-3so
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
Technical show USO is moving lower. My plan is to short at current value with a Target 1 at 13.65.
I am using puts as follows. USO 17 Aug Put. My strike was at .15 per put.
Price is already up 20% on the day.
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
USO Bearish Put Diagonal or Poor Man's Covered Put
After nearly 15% rise in the WTI price in recent weeks, I'm taking a small bearish bet on oil with reasonable odds over the next 46 days of a small pullback back 3% to under 14.50. Followed the trade idea shared by the fine work of Sir NaughtyPines (link below).
Long the OCT 17 put strike at 77 delta and ...
After a gap down to start the week, the S&P 500 (SPY) pivoted around its 50DMA. The week ended further confirming a bearish market turn.
Sellers Reward A Weak Stock Market Bounce With A Bearish Fade https://drduru.com/onetwentytwo/2018/07/01/t2108-update-180629/ $SPY $QQQ #T2108 #AT40 #VIX $UVXY $AAPL $AMZN $AXON $GS $CCS $PHM $TOL $KBH $MDB $PZZA $SNAP $TLT ...
