Sometimes you get a trade idea that gives you both fundamentals and technicals coming together. I think this is one of those. RUN Technical Thesis: With the primary thesis on this trade being the fundamental story, it's nice to have some technical confluence here. ✅ Bare minimum I see this coming to a 61.8% fib retracement giving you PT 1. ✅ Head and...
Quick short idea on SPY. Wait until it breaks the wedge before entering.
A few factors in this trade: ✅ Friday showed a nice bounce off the 3853 support level ✅ Bullish divergence on the MACD and RSI daily charts demonstrating seller exhaustion ✅ Wonky inverse head and shoulders and descending triangle could play out. Two price targets on this one with a defined stop at 3842 (giving that 3853 level some room to breathe). Hoping we...
Trade thesis is pretty straightforward on this one: ✅Rising wedge ✅Bearish divergence on the daily chart ✅Lower risk area for a short here with a defined stop ✅Macro bearish environment
BNB forming a head & shoulders pattern in a macro downtrend. Bearish pattern in a bearish trend. It has shown relative strength in the current market, so you may want to run your stops a little more loose.
Looking for a short entry on NQ around 12500 on this run. I could be wrong, so keeping a tight stop on this one.
✔️Gap has been filled from November 2020. ✔️Bullish divergence on multiple time frames (4H, daily, and weekly) ✔️Put/Call ratio over 1.2 Looking to run to $178.
Support has become resistance and it's down we go unless we take back the 3855 level and hold it. Tight stop right above there and it's a good risk/reward trade.
Looking for energy to cool off for a minute here. Macro looking bearish (dependent on CPI print) and running a little hot right now. I would expect energy to continue running mid-term, but looking for a pullback on the 1.618 from the covid lows.
I have no idea what I'm doing with harmonics yet but this is my first shot. 1:4 risk/reward.
ES/SPX in an ascending triangle. Going down Friday. Other indexes are in a similar pattern.
RTY/IWM looking for a measured move after a long consolidation. I'm thinking it will retest the high of 2366 before the run.
UWMC is putting in an inverse head and shoulders. Looking at a price target of 7.75-8.50 on the run.
TRAC may retract to the 0.7 fib retracement level and then make the next run
ETH retraced to the .79 retracement level and is going to enter a downtrend. Trade idea would be to take a short with a stop at 4390 level.
If TRAC can get above 0.62 and hold it should make a measured move up.