SPY has once again tested the ATH level, marking its third approach to this price zone and, once again, making a reversal candle. It feels like the market may be losing momentum, so I’ve decided to set up a bear put spread trade that would benefit from a potential decline within the next 42 days. All information is available on the chart.
There is an un-mitigated 8H order block, which sets a perfect setup for mitigating it, washing a lot of liquidity at that level and then I imagine local bottom is confirmed for now.
? Technical analysis: Price compression within a consolidation - 1D ? BINANCE:QNTUSDT On the daily timeframe, it has encountered a corrective structure after a rise to the $171 area. ? It is currently in a consolidation. ? If it can consolidate the consolidation with a broken zigzag correction above the $100 area, it will be able to reach the supply zone. ⚠️ However, if the OB area breaks and consolidates below it, a complex composite zigzag correction will occur, which can extend this correction to the green box. ⚠️ »»»«««»»»«««»»»««« Please support this idea ? with a LIKE ? and COMMENT ? if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email ? in the future. Thanks for your continued support.? Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« https://www.tradingview.com/x/K8aFt5cj/
Alerts set here for a sustained breakout over previous intraday high (PHOD) and $4 resistance. This parabolic move has completed 90% -> 120% so far on way higher than average volume. A sustained breakout over $4 indicates higher probability of upside continuation, presenting scalp opportunities (only if the sustained breakout occurs). A break below trend support on 30min would deter my interest.
Price is forming a horizontal range pattern around a pullback resistance level which is a signal that further downward movement is possible. I anticipate a sell opportunity once price breaks below the level of 1.23654.
... for a 43.91 debit. Comments: Adding, but at lower delta and at strikes better than what I currently have on, selling the -84 delta call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 43.91 Max Profit: 1.09 ROC at Max: 2.48% 50% Max: .55 ROC at 50% Max: 1.24%
In this quick but educational video we delve into the intricacies of Bitcoin's price movements using popular technical analysis tools like Bollinger Bands, Elliott Wave Theory, Triple Moving Average, and Bearish Divergence on MACD and RSI. Learn how these few indicators can help predict what might be ahead for Bitcoin based on current data. I'm gonna make this into a habit, creating short, educational videos, so expect more of this insightful, bite-sized content going forward.
I am hoping that this down day on QQQ is short lived and that we ultimately close above all the prior 4 days lows , that's a key detail . We are three legs down on QQQ 5 min though and I think we going up , so I added a share of PLTR as my dip buy ..... This may be one of the best things to own right now .... Just a share , I've already got 2 names ( CRWD + NFLX ) from last few days . This is a 3 legs down on QQQ buy . PLTR, has 1/2 , 2/2 gaps and eps and rev to go along with growth stock . Tight moves , good RS so good it ignores everything else market does on red days lol . As for the level of account risk I have with last few days stock trades I am at a potential 2.8% loss , not including beta hedge of ONON/NKE.... time to chill and let the trades tell me what to do next .... I was considering researching beta hedge options on NFLX, CRWD and PLTR .... probably won't but I will research it though to consider for future trades maybe .... For those of you who don't know what beta hedging is ... you long one short the other , trade the spread , can collect options premiums potentially too by selling puts etc. to acquire shares . Great for trading range markets and reducing account drawdown in really good markets but potentially reduces max gain of one sided long ... Will go through some potential beta hedges for CRWD and NFLX as homework later ...any recommendations on beta hedge ideas would we welcomed too :)
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