2 different trade ideas. I’m expecting the red arrow to be the path, peak out at the apex price, and fall off to the demand zone below. Take Profit 2 is an extreme target and will only be a runner Take Profit if it happens. (I doubt it does)
My interest here is only a 2:1 or 3:1 of the entry. So I won’t be trading the whole move unless it’s a runner.
Looking for low risk entry. To me this has a selling climax which has tested out multiple times, yet there has been no spring yet (may not happen). Looks like Schematic 2.
All ideas subject to change, understanding risk is the most important fundamental trading aspect.
Watching this for a long. But if it approaches the Supply above, i’ll be watching for a short. For a swing. This most break the structures prior to entry, consider the path of the arrow.
All ideas are subject to change. Understanding risk is the most fundamental part of trading.
End of the year is here and the volumes are low. But there is still some very tight formations forming with evidence of possible breakdown of structure forming. Congress is dead set on Gridlock (which I like) but for economic Integrity it’s not good for the US markets. If they can’t agree, govt shutdown is possible. If they do, they may turn off some of the FED...
Bad news hitting Nikola. I’m watching this for moves to the upside. Currently no entry, but I’m watching.
Wykoff said the Composite Operator (market makers) hide their moves in news events. The way I see it, value investors just see opportunities, either way, opportunities could be exposing themselves soon here. These automated automakers are going to be the next...