Introduction
Bitcoin's recent markdown has put Wycoff and Distribution on a lot of new traders radar as well as investors who have not had to deal with this kind of pattern recognition. There were a lot of people that thought that it looked too picture perfect so disregarded it, Guess what? They were taken the most by surprise and I know what it is like to...
$IQ Key Levels
Key Supports: White
-$14.09
-$15.50
Key Resistances: Yellow
-$17.43 (Point of Control)
-$23.15
-$29.18
White Rectangle & White Circles on RSI: Demand Zone / Accumulation Phase. Best Area to Buy
Yellow Rectangle & Yellow Circles on RSI: Supply Zone / Distribution Phase. Best Area to Buy
Here I show my predictions for, what I think could be a 50% GAIN TRADE! The stock has hit it's support level, and has a clear exit point at the resistance!
Tell me what you think!
Hello options sellers. I've decided to try and post some setups that I like, starting with a position IQ. NASDAQ:IQ saw a substantial drop in price lately, and with that drop in price came an elevation in volatility and IV Rank. It seems to have found some support around here, so I'm looking to take advantage of this pop in volatility and higher option prices by...
NASDAQ:IQ
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%,
CALLS May Strike 22$
* Usually I don't publish during day, but this is special.
Hello fellow traders and investors, here's another trade idea.
IQ has recently pulled back to the common support area, if IQ makes a recovery to the take profit area it offers a 45 to 65% ROI.
Technicals:
The Macd indicates that it's oversold
The EMA's are in a downtrend
The RSI is oversold
When To Buy:
When the EMA's and the Macd crossover
When To Sell:
I...
IQ sits on multi-year support. Low RSI + high volume -> we got combo reversal set up here. If you like my idea hit the like button and subscribe to my profile. Good luck to longs. BTW I'm a big critic of shorting personally so I won't be publishing short ideas.
This stock has been smashed to the downside, prefect time to sell premium, with a IV rank 30 is what I look.
Higher the IV rank the better, it a defined risk on both end going close at 50% profit.
