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Short-setup

PTC - complex head and shoulders short from $54.3 to $44.13PTC was our intraday text alert, sent to our subscribers. It seems Breaking down a complex Head & shoulder formation. Moneyflow also diverging & head sharply to the negative side. We think it can decline as low as $44 * Trade Criteria * Date First Found- March 23, 2017 (Sent through our intraday text alert) Pattern/Why- complex head and shoulders Entry Target Criteria- break below $54.03 Exit Target Criteria- Target 1 $44.13 Stop Loss Criteria- $55.13 Please check back for Trade updates. (Note: Trade update is little delayed here.) You can check detailed analysis on -- in the trading room/ Executive summary link here- www.youtube.com Time Span- "
NASDAQ:PTCShort
by AcornWealthCorp
PFPT - H&S formation short from $71.87 to $45.33PFPT broken down from an upward channel, but cold not decline much. Went up, retested the upward trend line, started to roll down & now we have the sharp breakdown. On the weekly frame it is forming a H&S formation, and also a larger time Upward channel. Overall it is an interesting short & we are looking for some longer term short trade, as low as $45.33. We would also consider $70 Aug or May Puts * Trade Criteria * Date first found- March 24, 2017 Pattern/Why- Head & shoulder, Larger Upward channel Entry Target Criteria- Break of $71.87 Exit Target Criteria- $57.33, 2nd - $45.33 Stop Loss Criteria- $78.87 Please check back for Trade updates. (Note: Trade update is little delayed here.)
PShort
by AcornWealthCorp
SPY (S&P500)- 525% profit in 1 day!! You didn't see that coming!Last night we talked about a Head & Shoulder on the SPY, and discussed Taking 238 Put option position on SPY. As entry criteria we discussed SPY to run upward around 237.50 - 238 to form the Rigth shoulder & drop from there. Surprisingly SPY went up at 237.50 in the morning. We considered to take a 238 March 24th Put option for $0.64. After that SPY ran all they way down to our target are 234!! Put went up from $0.64 to wapping $4, that was 525% return on a single day!!! Hope you joined us in the party. (For entry clarification please check our relevant SPY post yesterday)
AMEX:SPYShort
by AcornWealthCorp
SPY - H&S formation short from $237.5 t0 $233 (238 Put option) SPY appears to be in a short term H&S pattern. It may reverse to $38 area to form the second shoulder & that will be place where we would look for shorting opportunity. At the break of H&S it can decline to $233-34 area. * Trade Criteria * Date first found- March 20, 2017 Pattern/Why- Possible Head & shoulder formation Entry Target Criteria- Break of $237.5- -$238 Exit Target Criteria- $$233-$234 Stop Loss Criteria- N/A Option - Speculative trades may consider $238 Spy Puts. Please check back for Trade updates. (Note: Trade update is little delayed here.)
AMEX:SPYShort
by AcornWealthCorp
One for the booksThis is an ideal short setup with a risk/reward of 1.9. The "Weekly, Daily and 4hr' chart have the same correlation of being bearish. Weekly support is printed at price 1.60378 as well as fib tool to complete a 1.618 short extension. Coincidence, I think not. To enter this trade I would prefer to see price rise to 1.62371 and initiate a sell limit order here (at resistance) in order to have a better stop. From there I can use the same amount of pips for a stop or smaller if wanted. As well as being at ease knowing that if I am stopped out, it is legitimate.
Short
by Thisforbliss
AUD/USD - SHORTWe have a great potential short set up for AUD/USD... We have a 50% fib rejection, which also corresponds with a 200EMA rejection and a daily TL rejection to add confluence to this move. Also, we have a 2H MA crossover and the 4H MA are looking like they are about to cross to the downside too. I am waiting for a CTL break before entering to make this set up valid to my trading criteria and have a target of +230pips. Target: 0.7614 at -27% fib level. A break to the upside above the TL would invalidate this setup.
Short
by MitchellShoesmith
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