From a price action perspective on large time frames, this is what I'd expect. The reward/risk here is excellent for a short at over 5. This is a nice setup and risk to stop loss is well managed.
Decent risk reward to first PT. Trend is now technically down on weekly. I was conservative with the first PT. I actually think it's likely to test significantly lower.
I originally drew these levels 3 months ago in March. It looks like a perfect entry may happen soon on this short setup. Great risk/reward to first PT.
Decent reward/risk to first PT (3.02). Classic short setup. I would not front run this zone. Patience is important with this type of r/r.
Another beautiful short setup developing on PCAR. Lovely risk/reward to first PT. I'll be taking this trade at the zone.
Nice looking short setup. Trend has shifted down and this pump is a retest of levels lost. From a price action perspective, it needs to retest and hold the level at PT1 before continuation up would be a likely thing.
Reward/risk here is over 4 to first PT. Decent place for a short IMO. Stop loss is essential. To prevent getting wicked out, an alternate approach would be to lower position size and scatter short orders to top of range with a stop at all time high.
Decent risk/reward at the red zone shown for a short on XLRE. Real estate market is slowing due to rising interest rates. Technically, we see a shift to downtrend with a retracement up for confirmation before likely continuation down.
There are a number of things I like about this short setup. Risk/reward is exceptional, trend shifted down over the past 12 months slowly and steadily, and now we are retesting that before continuation.
Good risk/reward on this short setup to first profit target. I am scattering orders across the box for ideal r/r. I've seen this setup a lot lately.
Decent risk/reward here on a CCI short with a stop just above local swing. Diamond reversal in play in a weakening sector.
FRPH looks to be entering a decent risk/reward zone for a short. The majority of my orders are at the upper line at the top of the red box for better R/R.
An early sign of a short setup forming on NXRT. I'll be waiting for the short zone, and taking smaller entries at the bottom of the zone vs the upper edge, in order to get the risk/reward I'm looking for.
Looking decent for a short in the zone. Might wick up a bit into top of range. Decent risk/reward.
Telus is setting up for a decent short. I was looking at the level in grey initially, but the risk/reward on this setup did not make sense. Thus, the higher zone.
The risk/reward here is enticing despite being in a bear market. It's a decent hedge long here with a tight stop.
I've avoided this meme stock until now. This entry on the weekly represents excellent risk/reward for a long. I expect it to move up a bit tomorrow for a weekly candle close at the green line. That will signal a likely move to the upside next week based on price action analysis.
The CVS short I posted in February turned out well. Here we see price retesting highs before a likely rejection. The difference now from February is that we are not just taking a trade off long term resistance, we are doing so after a downtrend has now been validated on the weekly. This is actually a better trade from a likelihood of successfully hitting PT1....