This is a nice setup for a short in one of the leftovers of last year's rally. Pattern is pretty much the same, bit of a squeeze now that the market has been rallying after the top, but weaker than many other names. Now we use this squeeze to get in short following the levels here presented with Red line SL, black entry level (give or take for you), Green line TP 1 & 2. GL
While I think that the Yen has topped, there is always the possibility of another massive leg up but at a much later time. So what I'm going to do is to long it on one of the weakest pair around, with the EUR getting weaker on many fronts after the recent big move. Seeing many wicks to liquidate early shorters and shake out the tree before the eventual move...
Good setup for a short. Equity reached highs of the last run and starting to stumble while market ripping and showing some reversial potential here. Also not surprising is that it was one of the leaders in the up move and now is signalling where the market may go next. Red line SL, green lines TP 1, and 2, respectively. GL
One of the iPOs that I've tracking, and following a standard pattern. Together with a short term (or likely more) top in EU indices, we should see this go much lower after the initial move liquidating early shorters and now FOMO buyers. Red line is stop loss, Green lines are TP1 and 2, respectively. GL
looking for the final leg in this name. XLV + ES going down should also support this
When (and if) price gets there, time for a rebound. The red line is the stop loss.
With stocks about to start the next leg down, I expect BTC to follow like everyone else. Currently it sits @ support, it is extremely weak despite some players trying to pin it here. I'm short here and plan to buy around the 17k level if I see ES bouncing and not in liquidation mode. If that's the case, we could see a sizeable rally April/July style.
Risk...
Good opportunity to short BTC here who is still holding up well (for now) compared to Equities. When this tigheting happens, usually we have a waterfall event (in a bear market) or the opposite in a bull market. The r/r bar could be even lowered as it is purely for risk management, as BTC shouldn't even remotely move that high with this current p/a. GL
Really like this setup. Expecting more pain for emerging markets and using this dollar pullback to start new positions, including this one. USD/CLP looks exactly the same but could be more sensitive to HG moves. Overall expecting a new high test and further breakout, although it is possible another failure up there and pullback. GL
Following this move upside now trading the downside. Setup is pretty simple, as detailed in the chart, and straightforward. You can short now or wait for a rebound which isn't really garantueed to happen, and close at the previous highs of the previous pumps waiting for a potential rebound (to short again, check ZECBTC recent for a better picture). GL
decent setup here with earnings in sight for a bullish play. Chart looks good and is building a base, with earnings as the fuel for the next leg higher. Even better if played with options, some lotto play.
Just in line with the market $SPY $ES_F a short setup here. Chart looks really weak, indexes look weak, so going for it with a good r/r.
Similar companies got some moves $PZZA $YUM $CMG but this one not even that, so someone might say that it is time for a pump -- well I'm betting the opposite, puke.
After the whole round trip that started when covid hit, I think we are getting closer to a big, long position in bonds. The price range on the chart is where I will start buying and expecting to see seller exhaustion and trouble pushing it down further. Sentiment is really weak and you have people late to party trying to short right now to pick pennies in front of...
