Skip to main content

Bear have more of a case here (But only with a small area of risk).

We’ve not seen anything notable bearish of late but we are now getting back into the sort of zone where we’d be likely to see bears if it is indeed the case we’re in a shallow bull trap on a weekly/monthly chart. Bears have not yet broken (And they might not) - but this is a time to be aware of the risks and where there’s again reasonable odds betting on a big bear move.

Real further analysis and actionable break levels here. Bear break contingency plans - by HoleyProfit (substack.com)

​

TLDR: Short 4160. Stop 4179.

Trail stops on longs to protect profits.



via reddit https://ift.tt/PQWg5GM

Comments

Popular posts from this blog

Never under estimate the ability of sceptics of market timing to mis-time the market

I won't name names, we have some here. You'll maybe have noticed them. But it's a generic thing. https://preview.redd.it/7aziwgo6wc381.png?width=1103&format=png&auto=webp&s=264ef5fa77887f4c1a74de6f69192cc842a13131 OP SPX reaction to the 161 : BeatTheBear (reddit.com) https://preview.redd.it/fzqufzlyvc381.png?width=1015&format=png&auto=webp&s=e6a98e35523cbb31a3b67d10dd27594dea026958 These are one hour candles. This post was 3 hours ago. Count them. https://preview.redd.it/qj6ba94gwc381.png?width=1901&format=png&auto=webp&s=a6a18b509ffb36c740cf6a43acfdc885331c9539 (I missed my trade, though) via reddit https://ift.tt/3lyJPu3

Magic lines suggesting various popular stocks are fucked (Part 2)

Previous posts 1 , 2 , 3 , 4 , 5 , 6 , 7 , 8 , 9 , 10 , 11 , 12 , 13 , 14 . ​ Updates to Magic lines suggesting various popular stocks might be fucked. : wallstreetbets (reddit.com) ​ AMZN Butterfly Pattern ​ Previously: https://preview.redd.it/8ttpjx7bums71.png?width=1442&format=png&auto=webp&s=b0e1e0ca4b30021bf7c4a27be5131075ed3dc2bb ​ Now: https://preview.redd.it/tib5fwqgums71.png?width=1406&format=png&auto=webp&s=ecd0fb1dc256fef3b588861f1ab48005bf755224 ​ DJI Butterfly Pattern ​ Previously: https://preview.redd.it/j5u3ooqrums71.png?width=1453&format=png&auto=webp&s=948f7e809946691cf1567d663bd222a33412c6ca ​ Now: https://preview.redd.it/ihyt1bnqums71.png?width=1406&format=png&auto=webp&s=0aacc9bcfb0191c0550f6651c6e3c9bb45545bd7 ​ AAPL Butterfly Pattern w/ AB=CD Overlay Previously: https://preview.redd.it/7pamy4zxums71.png?width=1428&format=png&auto=webp&s=73114bc7f3684b58921e675b2e33e37e07e04396 ​ N...