AND
Tripple Threat shorts on oil going downLooking for break and retests - short into the purple zone. Then back to buys possibly
Best seen on the 1 hour. entries on the 5 and 15 min TF
open 2 positions at entries 2.5% 1:1 and 2.5% doen to purple zone buy target. Break even second trade when first one hits. Manny-Q style
Head and shoulder pattern? wdy think?Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
#BTCUPDATE - 15.7.21
ARE WE GOING TO BOUNCE?
No update on the bullish path from yesterday a bounce here will look to confirm a bullish H/S pattern and see a strong challenge of breaking the key $33k resistance.
Losing the $32.2k here though could be devastating though - and a quick fall to $31.5k and then just losing support after support to $30.1k
There has been a pretty tight consolidation since the rejection from $33k which suggests a big move incoming.
We need to get above $33k to have any kind of foothold so right now it is bearish short-term still.
My play is to long to $33k and then use a tight stop-loss - if we break $33k then an ambitious target of $34k.
Losing $32.2k then targets are $31.5k , $31.3k and then a stretch to $30.3k.
Technical Analysis Isn't Always RightThis has helped me learn that technical analysis isn't always right. I was seeing a head and shoulders pattern, added my graphics, and waited. I expected the head and shoulders pattern to lead to a downward movement, but instead, an upward push ensued.
I also placed my first ever paper trades after making an analysis. This was a great learning experience and I'm ready to try to analyze what may happen next.
EXPRHeres how I entered my long position in $EXPR:
On the daily chart, you can clearly notice the cup formation.
Once I felt the handle had formed after some consolidation and testing support levels, I entered into a long call position off the support bounce from $4.5 setting my strike price for $5 (.30 cent per contract)
EXPR didn't fail me once over the week, every prior day high that was broken, I increased my position size, bought a few more contracts and extending the expiration date to 7/9 and 7/23 along with increasing my strike level to $6
After confirmation on the breakout through resistance levels, I exited the trade selling at $1.20 per contract.
*this is not financial advice*