Updating my AAL earnings idea: As you can see, we got a confirmation of the described scenario. It was acceptable to sell intraday using the VWAP pullback point. Also on the second day we got something similar to a flag, which has worked out. But of course, being in a position already on the first day, I would not add on the second day.
A few days ago I did a BTC review: And I think it's time to update that idea! BTC went above the resistance zone and now stopped at it as a support zone (as if making a backtest). In this case, we would be better above 50EMA, but so far we are lower. Do I take a long here? No, I don't. And what to do? To avoid getting trapped, I would advise waiting...
For the last few days, the SPY has been showing an upmove. I see something like a Bear Flag. That doesn't mean we should expect a short in the big picture, but we are near the upper border of the channel and we are also quite overbought. Let's watch, I would expect at least a pullback to the middle of the channel. Maybe for the short term, it would be interesting!
All I want is to point your attention to this base! Today the stock has a report and is above the 50 EMA, which means I will be looking for entry points! Have a good trading day today, everyone!
Updating my TSLA idea: After the report, tesla showed great momentum and I hope some have managed to buy. Because any price around 780 could be a great entry point. Now I would consider the 765 level as a good support that should hold the price. Looking forward to further price movement!
AAL reported today and in my opinion has all the signs to go lower. 1. Bear Flag (for those who want it, the Rising Wedge) 2. Support became resistance 3. Fib levels If there would be good entry points, I will sell
I think this stock should be added to your Watchlist. Here we can debate what's coming: 1) Inverse Head and Shoulders 2) Bull Flag breakout. If we break down the channel - I would likely try a short. But don't rush to buy the flag - the best thing is to wait for a breakout confirmation! And what do you expect?
Guys, it's hard not to notice how similar the 2007 AMEX:SPY chart is to our current 2022. Honestly, I wouldn't go so far as to say - "THE NEXT CANDLE/BAR WILL BE THE SAME!" But just to take note, I think it's probably worth it, because if you look closely, we're actually doing the same thing in the big picture. Conclusion: - Will I trade SPY trying to...
I think there are no comments needed here, just see the chart!
I'm a little upset to see ideas like "TSLA is a bear pennant." Honestly, TSLA is a strong stock, the market is giving signs that the bear market has slowed, which means we are potentially preparing for a reversal. So here's the question - would you really want to trade BEAR PENNANT in a strong stock in a bull market? Tip: You will trade better if you use more...
Netflix is reporting today after the close. Most likely, this stock will be in play tomorrow. We have a nice base on chart. So I mark the most important levels for tomorrow and get ready to trade!
Hello, everyone! More and more often these days there are headlines like - "Finally, BINANCE:BTCUSDT has bottomed out and is ready to go up". I would not rush to change the mood to Bullish, as there are several factors that make us wait a little longer. 1) we are in a Bear market in the bigger picture, and technically we are only building a Bear Flag. 2) it...
Does it look like the bears have calmed down already? Maybe so! Locally, price has made a couple of Higher Lows, stands at 20 EMA - yes, looks not extremely weak! But is it time to buy? It seems to me that it is not quite yet. We have several resistance lines, which are not broken at the moment, and we also have resistance to the 50 EMA, and on top of that we...