On watch for a break of the Sep20 swing high. There is a price imbalance resting above the swing high level that could act as a magnet to pull price into that range.
The 3936 level could also reject price lower, so be ready for that also.
4030.75 is the mid point of the FVG. If price gets to that level I'll be watching closely to enter a short position.
In the...
Daily Triangle Play here. If close above 32.11 I'd look long. If break 30.38 or even daily close below 30.65 I'm looking short. The play will likely develop prior to earnings 7Sep22. Will trim most of the position before end of day 7th. May leave some runners for after earnings only if I'm green on the play.
This could run hard either direction. I'll set stops at...
I like several items for this down turn.
- Topped out on a respected trend line.
- Oversold on the RSI which has acted as a good signal previously.
- Volume profile leads me to think a return to the Point of Control is coming.
R/R is Solid here with a stop at 77 and a profit target of 70.
Nice consolidation over the last year. Looks ready to break out within the next week or two. Wait for conformation at the 73.83 green line. Should run cleanly to 78.88. Maybe consolidate there. Run again to 83ish, or more. If this clears the green line and then comes back, re-tests 78.88..be ready for rocket mode..to ATH around earnings.
Just my thoughts on 4/3/2022
I set some wedge lines in early March and watched... I really thought it might break the double top then triple top then quad top, but the bears ruled the chart. Now the Triangle indicator popped up. Lets keep a close eye on the new thick line and my old thin line. Several days of consolidation between the two. Break of either will give good stop loss line and...
Another Triangle play to add to the list. Gap down and through the line, but reversed and the bulls won the day. Thoughts lean toward filling the gap tomorrow if buying volume continues. Will likely take a long position if the signs continue to be bullish. If bearish signs appear in the morning I'll try and be patient. Wait for clear signs and go with the trend.
Scrolling through the big option players and caught BA on an up trend. All signs point to a continuation. I'm getting long on this play on Monday 6/6/22. This has easy momentum to 155. It's below quarterly VWAP. The Volume Profile is weak at the current price. Going to look for price to clear 141 for entry and set 140.70 as my stop. This may come back and flag a...
Rare triangle pattern on a weekly chart. I jumped the gun a little today and got in on the long side. Based on the market bottoming out today I'm bullish on this break. Will keep a close stop at 128 and target 180.
This is a rare weekly chart triangle formation. If the break continues bullish it could run to $54 price target based on the height of the back leg. I'll look at some July - Sep OTM calls and see what the IV and Delta's look like. If this runs it will run for a while. I'll start in small and add if/when the trend builds.
Watching 5/10/22
CL trending in this channel for a year and a half. Gap down on earnings didn't change fundamentals of the co. I expect that the gap would be filled. Taking long call postion today for 20May22. $78 strike. Entry price $1.35. Will target top of the gap for exit. Or if momentum fails.
This was on a watchlist I created for triangle breakouts, but I forgot to set an ALERT. I got busy watching other things and making other lists. This would have paid nicely after the break.
Lesson Learned... The alerts are there to help you! SET AN ALERT & make money.
Lesson Learned.. If your working on a new strategy then commit to it. Follow it. Track it. Watch...
