$NRG falling wedge on daily$NRG coiled into a falling wedge on daily chart. On lower extreme of bollingers. Expecting a move up if it can close above the 200 MA.
0K4C trade ideas
NRGSelling calls and buying put debit spreads, looking for an increase in down side momentum towards 9-10
NRG-false break strategyThis strategy is said to be very reliable, specially on higher timesframes (D1 and more).
Weekly chart analisis:
Here is the textbook theory:
1) Prices is on clear downtrend
2) Prices breaks an important area of S/R and retraces inmediately (within 3 candles)
3) There is divergence on histogram and moving averages on MACD
4) Risk/Reward ratio: at least 1 to 2
Here we have also an inverse head and shoulders pattern
Lets see what happens
Best Regards
NRG Should get strong movement soonTesting double top
End of the V dow trend with ab correction
Starting an uptrend with SMIO & TRIX indicators, Strong volume today, the title has change of hand.
Next : Starting a short C-correction then the title should bounce or fall around $30.16
