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Great down day for $SPY (+25% return)Shorted $AAPL at close to yesterday's high ($155-156) for a close to 25%+ gain with SPY being down -1.53% today. What comes next? 1/ TESTIMONY DAY 1 $DXY ripped through the supply zone during Powell's testimony. $SPY bulls will want to see DXY make it back in the zone for SPY to move 401+ which has acted as near-term resistance (anything goes when it comes to Powell). 2/ POSITIONING UPDATE Still holding my swing position for $AAPL (see previous linked idea). I expect more drawdown before I consider trimming,
AMEX:SPY
by theapearmy
Yemi_Fx1 | Short for XAUUSDFrom 1HTF perspective XAUUSD is moving in an ascending channel (Reversal pattern) waiting patiently for price to approach the area of value with a sell confluence before going short. So I'll be considering A Risk entry type at the top of the structure at an area of value. Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag. Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
OANDA:XAUUSDShort
by Yemi_Fx1
Yemi_Fx1 | Short for EURUSDEURUSD(Fibre) is trading and moving in an ascending channel. Looking forward for price to make a third touch with the upper dynamic trendline. If this holds then the pattern Will play out. So, I'll be considering A Risk entry type at the top of the structure at an area of value. Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag. Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
Short
by Yemi_Fx1
COAL INDIA - Bullish Swing ReversalNSE: COALINDIA is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:COALINDIALong
by BrahmaBull31
ABCAPITAL - Bullish Momentum BreakoutNSE: ABCAPITAL is closing with a bullish momentum breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the trendline support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:ABCAPITALLong
by BrahmaBull31
BRIGADE - Bullish Swing ReversalNSE: BRIGADE is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the trendline support for the past few days which is indicating demand. One can look for a 8% to 11% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:BRIGADELong
by BrahmaBull31
Yemi_Fx1 | Short for GBPJPYOn GBPJPY the current price pattern is an ascending channel that's more clearer on 15min Timeframe and which is also inline with the 1HTF structure (Pattern inside pattern), if it holds I'll be considering A Risk entry type at the top of the bearish structure at an area of value. Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag. Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
Short
by Yemi_Fx1
GBP Set for Record Breaking LowsThe Pound closed weak on Friday as the bearish sentiment continues to drive the market with what appears to be a Double Top on the Daily Timeframe 1.19000 marks what could be the neckline where buyers may attempt to regain control A break of 1.19000 confirms Double Top and should trigger more shorts In September 2022 the Pound dropped to 1.0350 forming a 37-year all time low A break of this low would once again set new records First Targets will be at the September 2022 lows A break below could see the Pound trading as low as 0.98000 or lower over the next few months
Short
by Swiing
2
BABA (Long Swing Idea - trendline bounce, fib retracement, S&R)Trade Rationale: BABA is looking great for a 2 to 4 week expiration Options Call swing play. It is currently holding a previous resistance turned support area between $100 and $103. In confluence with this level, BABA has also completed a fibonacci retracement back to the 50% level almost perfectly. It is also holding the 200 ema on the 4H and Daily timeframes in confluence with the formation of a falling wedge and 3rd touch on the current uptrend support line (created from the lows of the Oct 24th and Nov 9th daily candles). While we're at it, let's go ahead and add in the bullish divergence on the 4H and Daily timeframes. NOTE: There are currently 4 gaps on BABA's chart right now, 2 above current price and 3 below current price. Trade Idea: I am looking to play calls with at least a 2 to 4 week expiration date with a strike price of 107c (Targeting the first gap above current price between $106.63 and $107.79.) The more time on the contract the less THETA decay eats away at the value of the contract. Also consider a contract with a breakeven close to your target as well as an options contract that doesn't have high Implied Volatility, because if IV slows and begins to revert back to the mean value your options contracts could still loss value from IV crush. Basically control for the effect that the options greeks will have on your contracts to maximize gains and minimize losses. My ultimate take profit is at the origin of the falling wedge which is also the beginning of the second gap above the current price between $113 and $116. I will look to place a STOP LOSS (Exit Trade) below $101.87 and 100.53 and will exit if a daily candle closes below these levels.
NYSE:BABALong
by Stockstradamus_
2
MASFIN - Bullish Swing ReversalNSE: MASFIN is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the trendline support for the past few days which is indicating demand. One can look for a 8% to 11% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:MASFIN
by BrahmaBull31