ArturoL

ArturoL

I'm buying puts here expiring 11/03 strike 120. I think is going down very hard by the end of this week and the next one. Usually bearish flags push the price down very fast and on top of that we have a double top. You may want to close almost all your positing before earnings on the 11/01.

ArturoL

Looks like a rally is coming, but I'm very careful this time. It could be a retest of the broken trendline and then the price pulls back hard at the end of the week. I think we are at a consolidation phase, we will see ups and downs for a few days or weeks like it did before (yellow markups). I'm currently trading with short term options taking advantage of the...

ArturoL Updated 

I bought some calls, I think price is going to bounce from the trendline. Low risk, I didn't' buy too much.

ArturoL

Looks like a HS is shaping out. Still early to tell but I just opened a short position anyway. If it breaks down the support line we could see a big correction.

ArturoL Updated 

I think is going to pull back to the 175 support before breaking out the channel. Just bought puts exp 10/20 strike 178. Is a little risky but I'm jumping in anyway.

ArturoL Updated 

Oh Bitcoin, apparently is forming a HS and getting ready to test the 20K level that matches with the long term uptrend line. But what I learned about this market is that usually does something different than expected. I think is going to make another push to the upside to 28 or 30K levels and then pull back to the 26K support (neckline). I don't think Bitcoin is...

ArturoL Updated 

Rounding bottom or/and double bottom over the uptrend trendline. Price broke put the upper vertex and now testing. Just opened a long position, there is a lot of support underneath, I don't think is going roll back down. Is most likely to keep going higher.

ArturoL

Tomorrow the CPI numbers will be release. This could pull gold back to 1800 support. I'm not trading the news, I'll just wait to see how the market reacts. I still think gold is going to break up the triangle but it could take a few more weeks.

ArturoL

Price is forming a triangle and inverse HS and is trading just over a strong support zone. It's a good entry point bc risk and reward is great. Low risk for a big gain. My SL triggers if a weekly candle closes below the support, I do it this way bc is a very volatile stock.

ArturoL Updated 

The chart is very explicit. Price is forming an inverse HS at the trendline support. It can break out at any moment, today, tomorrow but soon. Even if the price is pushed back I wouldn't close the position. That trendline is very strong and most likely to try go higher again.

ArturoL

Banks aren't sexy these days but check this level. Nothing to do at the moment, if you want to play safe wait until price breaks out the downline. If you are aggressive buy now and very tight SL (~37).

ArturoL

We could the return of the DOW. Price is just landing on a strong support zone. Next week we could see a big, fat green candle (engulfing) and heading higher from there. I may buy a few calls on Friday, I want to see if the support holds. BTW I pulled up a 2 weeks chart for better visualization but it reads the same in a weekly chart.

ArturoL Updated 

Price keeps pushing the upper vertex. Seems like an inverse HS is about to break up. The 4.2 - 4.8 zone is a strong resistance, If it pulls back I don't think is going to break that resistance zone mostly likely to try go high again. SL triggers if a daily candles CLOSES below support zone.

ArturoL

Pair just hit and important pivot point. I don't see great price action yet but I'm taking the trade. I opened a long at the blue line 1.04631 but still a good entry now. My SL is very tight and it triggers if a daily candles closes under it.

ArturoL Updated 

The charts says it all, potential inverse HS. I'm already long but if I see that the pattern is playing out I will add. It could take a few more weeks or not, with this crazy market anything could happen. This pair is difficult, I has tried to break out before and it failed (yellow markups) so take profits on the way up.

ArturoL

This market is horrible. Still holding my long position and selling calls but when it looks that bulls are jumping in sellers show up and erase all gains. Fortunately the index is approaching to a strong support zone 415 - 410. I'm hang in there, trusting that support will hold, at least a few weeks. I won't open any long positions for now until I see a couple of...

ArturoL Updated 

Nice rounding bottom, consolidating since April 2022. Is trading just above the support after testing it, good entry point. I just opened a long position, it could time several weeks to reach the target but the risk and reward is good. There is a lot of support underneath. I like this trade.

ArturoL

Apparently a huge double bottom is forming. I don't have any positions yet, I'm waiting for a pull back to the 0.67 support and then a rejection of that support. It could take a couple or more weeks in the mean time is in my watchlist.