A quick look at where we are currently and what's holding us up on the monthly, weekly, daily.
here is monthly line graph with channels. inside long term channel looking to confirm as support or resistance.
bear flag set ups using channels. continuation of part 1 and 2.
this should be continuation of plan as target was painted for further downside on option puts. Have a target also of 447-444 but not sure when it will hit or if it will but it's a target for me as well.
took puts off yellow trenlines with great entry. looking for more downside for options trading. here is my chart lined up part 2 and 3 coming
Spy trying to maintain entrance back into channel from late 1900 to early 2000. Looking to hold for long term trend or fail to enter and maintain. Keeping eye on these long term supports here.
I trade options so i'm in and out mainly but here is my analysis of the current chart. i'm bullish on SPY BUT keep eye's on pull backs not to get trapped. larger time frames playing out imo so drops can be nice. think we have room to make money both sides, up and down. Always protect capital and take profits. my rules on same day contracts: I first check...
day trading on options...why i went bullish on SPY, watch those indicators, they are what is controlling the movements on my charts. higher highs and higher lows, time to look at larger time frames, know your place on the chart.
here was the set up on both of my put wins on PYPL this morning. major entry was last friday but missed so took the short term entry for 2 easy $100.00 profit with a goal of hitting 500.00 for the day. follow indicators for direction and divergence for day trading was my key.
Yo @Spankdaddybaby line up $BTC for me...20 min session gratis
provided some levels and trendlines i'm watching today. possible option trade today on my watch list with all the hype.
building a 5 min diamond pattern. continues to consolidate for next move. when you look at the 1 hr tf, looks to be an angled head and shoulders with a backtest now happening.
part 3 of 1 min set ups, continuation on spy showing support resistance patterns etc.
setting up spy for break out or break down for options.
giving out the play book for day trading options via support resistance heiken ashi candles. detail explanation of my theory played out in part 2
charting as i go on lower time frames. Killer day on ABNB with over 100% ROI. getting crushed on PYPL , lol, and watching RBLX play out.
abnb playing out as i had viewed it, morning pop and bears will eat... so far, lol i'm short but things can change. don't give back yo money! glta main support coming up so watching candle action at the 170/168 area if it gets there.
day trading set up and psychology behind the madness trading with @spankdaddybaby support resistance RSI bs and theory