Trade Theme Trend Reversion
Sector/Stock DVN
Trend R/R
Propulsion 21/34ema
Vscore Yes
Vprofile Yes
RAF Not at Extreme
Darvas No
Darvas 3.0 Yes
Entry 49.95 Minor Low Breakout. Look for improvement on breakout pullback.
Profit/Breakeven 48.05 50% Fib retracement and Volume resistance.
Stop Loss 25% Stop Loss
Option 19May23 50 Puts
Aggro on first entry and looking for price improvement on continue Measured Move to $51.
I also don't like the Higher Low - which could be a 1-2-3, albeit in a Downtrend.
Sector/Stock DVN
Trend R/R
Propulsion 21/34ema
Vscore Yes
Vprofile Yes
RAF Not at Extreme
Darvas No
Darvas 3.0 Yes
Entry 49.95 Minor Low Breakout. Look for improvement on breakout pullback.
Profit/Breakeven 48.05 50% Fib retracement and Volume resistance.
Stop Loss 25% Stop Loss
Option 19May23 50 Puts
Aggro on first entry and looking for price improvement on continue Measured Move to $51.
I also don't like the Higher Low - which could be a 1-2-3, albeit in a Downtrend.
Note
Energy blew the doors off today. Gotta look to other sectors for a trade.
Substack - The Bandito Review
@egrajek
@egrajek
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Substack - The Bandito Review
@egrajek
@egrajek
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.