Hammercandle
CHK daily bullish hammer CHK daily bullish hammer at MA 100 retest gap and good volume. Stop loss below MA 100, take profit at next resistance. Gotta be short since countertrend and earning are ahead of us.
SPY daily bullish hammer at strong supportSPY daily bullish hammer at strong support. My concerns are countertrend, retest gap with previous candle, shouldn't rise above wave 1 of wave 3 of the current trend. Stop loss below local lows, take profit at new resistance.
Also, selling put at market $360 strike June '25. With a current price around $40 per share I'd love to own SPY at $320.
ADBE bullish hammer on daily sick tradeADBE bullish hammer on daily sick trade. Technically gap and go, but see how ADBE made gap and goes that didn't go twice through the downtrend, why wouldn't it do the same again?! Stop loss under monthly MA 100, take profit on daily MA 100. Play it wide. I mean, look at this volume.
WMT weekly bearish hammer at local high with great volumeWMT weekly bearish hammer at local high, ABC or wave 3 downward doesn't matter at this point. Probably will move stop loss back higher if needed. Pretty confident it goes lower. BE ready to move take profit lower as we go and trend is confirmed. Train your holding muscle.