CVNA on a 30 minute chart trended up from November post earnings for 6-7 weeks until
December 20th and then started falling from a head and shoulders pattern at the pivot.
The Fib retracement tool is used to draw the retracement of the prior up trend. The Trend
Based Fib Time is used on that prior up trend to show fib levels across time instead of price.
Price is currently at the 0.5 Fib retracement for price and also at 0.5 for the latter tool.
The other indicators show rising RSI, a flip between positive and negative directional indices
and volatility beyond the running mean. I will take a long trade here targeting 52.3 which is
just under a 0.5 fib retracement of the recent trend down. The stop loss will be set
at 42.8 at the level of the reversal narrow-ranged candles. A option trade will be entertained
for the February monthly expiration.
December 20th and then started falling from a head and shoulders pattern at the pivot.
The Fib retracement tool is used to draw the retracement of the prior up trend. The Trend
Based Fib Time is used on that prior up trend to show fib levels across time instead of price.
Price is currently at the 0.5 Fib retracement for price and also at 0.5 for the latter tool.
The other indicators show rising RSI, a flip between positive and negative directional indices
and volatility beyond the running mean. I will take a long trade here targeting 52.3 which is
just under a 0.5 fib retracement of the recent trend down. The stop loss will be set
at 42.8 at the level of the reversal narrow-ranged candles. A option trade will be entertained
for the February monthly expiration.
Dagangan aktif
Nice price action to begin the week. Stop loss on call contracts raised to 10% belowbreak- even.
Dagangan ditutup: hentian tercapai
Broke down and out. Moved to the injured reverse list to watch over there fora rebound vs more downside.
Dagangan aktif
Going short now with puts which did well today TSLA falling may be impacting.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.