alex_yeo

07:21

alex_yeo

In my previous video analysis, I mentioned that there might be another sell-off. Shortly, price broke down and is now sitting at the 200-day moving average. If price can't hold at 200MA, there would be more sell-off. Simply because there will be a lot of traders who longed at the bullish hammer candle reversal pattern which coincide with the MA support. And...

06:02

alex_yeo

It's now in a consolidation. After the consolidation, there might be another leg down - a sell-off soon. Price is still clearly in a downtrend, based on Ichimoku Cloud (price is below the cloud). Do not buy when it's in a downtrend. For more trade ideas: www.patreon.com

alex_yeo

Price has just broken out of the Ichimoku Cloud. It could be the start of a new uptrend. The idea is to catch a new trend as early as possible and ride on it as long as possible. No target price to hit. Go long and place a trailing stop along the way as price goes higher. Set a stop loss when you open the position. For more trading resources, go to: www.patreon.com

alex_yeo

The WEEKLY time-frame shows a bear flag. Price is below the Ichimoku Cloud as well; signals a downtrend. Action plan: Sell call options (vertical spread) when there is a pullback i.e. when the price goes up. More trading resources: www.patreon.com