Nothing has changed from my previous post. RSI still making its way down to the trendline.
Possible big jump next week 2/19 - 68% of call volume expires Top Call OI is $30. RSI reaching historic buy level
WKHS is highly oversold and showing reversal at key support level.
Price has tested the AVWAP. While I still have buys open at the $15 range (who knows...i might get lucky), I do feel that we are at a strong support and will range for a bit before reversing.
BTC has had a long run so correction is likely. My first targets are shown on the chart. If we look at RSI, we notice that the trend shows lower lows, which also means larger retrace.
Overall sentiment is still bullish, but looking for a pullback to 1631. If market dips further, we look to the AVWAP for support.
PLTR has 59.29% of calls expiring 2/19 Potential reversal down to 30. If 30 does not hold, we will see 25.
CCIV large call volume expiring by 2/19, expecting price to be unpinned and rally towards $40
Higher timeframes show F is over bought. Previous RSI levels have lead to to sharp retraces. Price is currently at a key hedging level, which can keep price pinned. A couple PT - $15, $18.
SLV - Heavily shorted, has seen A LOT of call volume. I am looking to enter the 25 strike, and exit around the marked price targets.
If we see a breakout to the upside, PT would be around $545. Insane.
- Death cross indicates a trend reversal - Once price trades below baseline, this indicates a downtrend - Game plan - buy at the bottom! Use VIX to determine if we reached bottom VIX is currently above 30, a bottom will be found when vix reverses trend, and confirmed with two daily closes in downtrend.
Applying some compression of the time axis. VIX pattern follows 2018-2020 very closely. Maybe nothing meaningful, but interesting.
Entered this trade on Jan 19 21. Trading an vertical debit spread to reduce the break-even price. Entry: Waited for breakout triangle. Exit: Target is ATH, but if the price runs up I will keep position open until 75-100% of profit target. If trade goes south, I will exit with a loss of 50% of premium paid.
Macro view: - AZN moving in an upward channel - Price has breached channel, but looks to be falling towards the median Near term: - Current price trend in a falling wedge pattern, which will likely result in a breakout Recent news (1/23/21): - Failure to deliver COVID-19 Vaccinations target number of doses
Some news: ARK recently purchased a large stake in OPEN Technical: - Symmetric triangle has broken out on higher TFs - Falling wedge on 1H looks ready to pop My PTs - 31.5 - 35 Let's get it!
2-3.45 coincide with strong weekly resistance levels. Entry in this range is risky. If price sustains breakout at 3.45, then price targets 6.25, 8.23, 10.35 are valid. These targets coincide with volume pocket.