MicDrop5

MicDrop5

With the stop loss and 1st PT as pictured the r/r is 3.22. Price action indicates a failure at top of range is likely.

MicDrop5

Risk/Reward here is excellent, with stop loss and first PT as pictured. Currently scattering short orders across the red zone.

MicDrop5

Risk/reward is good here with stop and PT's as pictured.

MicDrop5

GOEV Currently At Buy Zone With Excellent Reward/Risk of 11.43 To First PT. I'm Still Bearish Over The Long Term On The Markets, But A Bear Market Rally Would Not Surprise Me Here. And A Good Setup Is A Good Setup. Stop Loss Is Essential So Risk Is Minimal. If S&P Holds Here, This Stock Should Move. I don't normally place my stops outside of a previous candle...

MicDrop5

A reward/risk above 3 is generally considered a good trade by smart money. A r/r above 6 is rare and I always take those trades. This might continue to find new lows and stop me out, but the risk is minimal compared to the possible reward at this current entry. I'm still bearish on the overall market for the coming months, but a short term bounce is quite possible...

MicDrop5

SAH is setting up nicely for a short. Reward/risk is 4.36 with stop loss and first profit target as pictured, assuming entry orders are scattered across the red short zone.

MicDrop5

BRO is painting a picture perfect short setup. Reward/risk using stop loss and 1st PT as pictured is 4.17 if orders are scattered across the red zone. Nice Quasimodo pattern.

MicDrop5

Based on price action and risk/reward, this trade setup is a decent trade IMO if short orders are scattered across the red zone. Distance to first PT is exactly three times the distance to the stop. It's possible that the stop gets hit with a wick, but worth the R/R.

MicDrop5

Having lost the uptrend on the weekly, I now expect ORLY to retest and fail at the red zone. Decent reward/risk of just over 3 if orders are scattered throughout the short zone. Stop is essential, as with any swing trade.

MicDrop5

Currently entering my short zone. Stop loss is essential on this trade. (4.27) And that gap would be a nice PT.

MicDrop5

From a price action perspective on large time frames, this is what I'd expect. The reward/risk here is excellent for a short at over 5. This is a nice setup and risk to stop loss is well managed.

MicDrop5

Decent risk reward to first PT. Trend is now technically down on weekly. I was conservative with the first PT. I actually think it's likely to test significantly lower.

MicDrop5

I originally drew these levels 3 months ago in March. It looks like a perfect entry may happen soon on this short setup. Great risk/reward to first PT.

MicDrop5

Decent reward/risk to first PT (3.02). Classic short setup. I would not front run this zone. Patience is important with this type of r/r.

MicDrop5

Another beautiful short setup developing on PCAR. Lovely risk/reward to first PT. I'll be taking this trade at the zone.

MicDrop5

Nice looking short setup. Trend has shifted down and this pump is a retest of levels lost. From a price action perspective, it needs to retest and hold the level at PT1 before continuation up would be a likely thing.

MicDrop5

Reward/risk here is over 4 to first PT. Decent place for a short IMO. Stop loss is essential. To prevent getting wicked out, an alternate approach would be to lower position size and scatter short orders to top of range with a stop at all time high.

MicDrop5

Decent risk/reward at the red zone shown for a short on XLRE. Real estate market is slowing due to rising interest rates. Technically, we see a shift to downtrend with a retracement up for confirmation before likely continuation down.