M2K1! trade ideas
Week 13 SHORT Russel, Cocoa, BondsSHORT Russel, Cocoa, Bonds because all are below 30 VWMA on the daily chart and all 3 had an entry at the highest POC on the 1 hour chart on monday.
Looking forward to hold 1/2 of the position till there is a new low on the daily and 1/2 of the position on a trailing stop above prior days high.
Russell 2000 Oversold: Look for dip buying tomorrowRTY has hit a key fib band level from which previous rebounds have occurred. The RSI is also at a level from which recent previous rebounds have occurred.
If ES holds 3880 in the Globex, I’m going long.
There's always the danger of a vertical drop given how full of trash (GME, AMC, PLUG, various SPACs) this index has become.
RT_Y Posted this abcd short privately (ran out of ideas to share) , i added it onto chart here for reference, we have 4 hr abcd w engulfing candle and inside bar for a low risk long, but it is right into supply, (clears this bullish) ultimately we see a larger abcd form for a 618 % touch fro long there (in my opinion)
Russell futures> potential short and long scenarios.This is my set up, for Russell
Obviously a short entry has a better risk reward with 3 potential targets. But I don’t get to pick direction. My bias however is long due to the down wedge and strong supply. Price tends to attracted to strong demand or supply zones.
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Russel (RTY) - get ready to shortRussell futures ready to drop.
- upwedge
- overbought RSI
- Riding upper bollinger band for a while now
This is a pretty simple trade plan. Enter short if price breaks lower end of up wedge .
Aggressive entry = on break of wedge
Conservative entry on retest of wedge
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