TSLA Swing Idea 8/22 - jtgladiatorNASDAQ:TSLA
TSLA is looking lost here. This can go either way but I really expect more downside. I am bearish but I won't let my bias get in the was of what the price action tells me
Call Swing Idea:
950c > 901.10 - This is for daily and weekly. Scaling in/out depending on the price action. 930 might be some resistance on the call side.
Have puts ready if levels reject / price aggregation takes us down on the hourly
Put Swing Idea:
850p < 877 - This is also for daily and weekly swing. Might grab further OTM for small accounts or for more risk and potential for more reward.
Live chart: www.tradingview.com
Thestrat
CHWY moon incomingLast week this pulled back after 5 straight weeks of going up. From a strat perspective it is setup as a Bullish Randy Jackson.
Bullish Price Targets with a trigger above 42.70:
42.70 will take us to 47.49 and 52.39
Bearish Price Targets if the daily closes below 36.28:
$34.02 and the gap close around 30.
You can also get in if it holds the green zone (38.72-39.49)
$PLTR stratFirst idea
First time charting TheStrat
TFC all green
Possible 2-1-2 on weekly
Possible 2 continuation on 15min-daily
Possible 2-1-2 on 3min
$11C .08
$9.50P .08
Low risk for my first learning experience
#TheStrat SPY Looking for an Outside Week #sss50percentruleThis post follows #TheStrat trading strategy. Google it for more info.
SPY is approaching the 50% level of last week’s candle and could be looking to form an outside week. The yellow lines are short targets.
SPY stopped out buyers, then stopped out the sellers, stopped out buyers again, and stopped out sellers again, forming this dark blue broadening formation.
Yesterday, buyers tried to push it out of the dark blue broadening formation and fill higher gaps, but it failed, which looks like a fake-out in the morning and a lot of selling afterwards throughout the rest of today.
SPY is currently looking like it could fill the gap to the downside and push this week under the low of last week, stopping out last week’s buyers and making this week an outside week.
This is especially more likely because we are in full-timeframe continuity to the downside, meaning all timeframes are currently a red candle, which indicates selling on all timeframes.
This theory is based off of the #sss50percentrule (made by SaraStratSniper), for example, when a candle goes 2-up, if it starts selling and passes the 50% level of the previous candle, it has a higher chance of becoming an outside week to the downside.
Educational purposes only, thank you for reading :)
#TheStrat BTC Full Timeframe Continuity to the DownsideWe are currently inside of a green weekly candle on bitcoin after a nice run for crypto.
However, we are still inside of a big red monthly candle, putting Bitcoin at risk for going Full-Timeframe Continuity to the downside. This means each timeframe’s latest candle is a red candle which indicates selling on all timeframes.
Here are the short targets into full-timeframe continuity to the downside for Bitcoin.
My ideas from my last posts still stand, putting a potential bottom for Bitcoin at 13,000 to 16,000, which is the bottom of the broadening formation on the longer term timeframes.
All of my posts thus far follow a trading strategy called “The Strat”, which is based on price action scenarios, multiple timeframes, and broadening formations.
Educational purposes only, thanks for reading :)
#TheStrat BTC 13k to 16k Still a Possibility!4hr Chart shows the small broadening formation we are currently inside of
I would watch the price action closely in this broadening formation and the longer term formation from my last post and look for bullish reversals (ex. 2u-1-2d, etc) on the daily and weekly timeframes.
Keep in mind that the monthly timeframe is still red, my humble prediction for the reversal and recovery of bitcoin would be within 2 months . This is so that the monthly chart candles have a chance to form an actual reversal (ex. 2d-1-2u).
Educational purposes only, not financial advice.
Thanks for reading :)
#TheStrat BTC Broadening Formation 13k to 16k BottomWeekly Chart shows a longer term broadening formation with the purple box as my potential bottom at 13k-16k for BTC
Daily Chart shows we continue to fail to push towards the high of the broadening formation and continue to break lower
4hr Chart shows that we are quickly approaching the long term broadening formation
I would watch the price action around this lower broadening formation and look for bullish reversals.
Educational purposes only, this is not financial advice.
$XBI update #thestratI love being able to trade this level by level during crazy markets. Almost had a double outside day today. Now a 3-2 on the day and 4 hour. Will we expand this bf, get stuck in this range, or drop? We DID close above the weekly trigger but tomorrow may decide if it can keep the momentum for the weekly upside target. This can be played either way. If it reverses, the 3-2-2d on the 4hr would be ideal to move into the sss50% trigger. 3-2-2u break is the same on the 4hr or day.
$SBUX 3-2 on the dayI like SBUX because it's cheap lol. The key here is to get several contracts. It's especially juicy on a Friday if it moves as contracts are even cheaper. 3-2 setup on the day. Can be a continuation or reversal. Levels marked both ways but I'm mostly bullish. TFC is green however the 2d reversal on the week could change that. I drew one downtrend bf to see if it breaks. I like this to be played both ways and all week. If we break the weekly/monthly, it can be a swing to the next target.
$AAPL interesting spot. Will we repeat this move?I do NOT play earnings. IF I do, I look for a sympathy play. I just want to show yall and note that Apple is in an interesting place. Look at the last time we hit a low/bf bottom, then printed this type of candle. HUGE run after. Repeat? Earnings will tell. But if the pattern repeats, GO LONG!!!
$SPY may not stay inside month Spy dropped below the trigger for the 2u2d on the month ah. Will have to see what it looks like at open. If it opens below 415, it can definitely see the bottom of the bf which is about 410 by Friday. That 410 target is also the target for the monthly. I always say "may" because I'm prepared either way, no matter the initial bias.
SPY is still an inside month, with a bearish tone.SPY is still an inside month, with a bearish candle. More down side is likely.
Using Strat Radar, we get an X-Ray view of what algos are doing with price action on different time frames.
On the weekly chart, price retraced to a previous bearish order block, then presented a 2 up + 2 down reversal opportunity, it played out nicely.
On Thursday, SPY daily chart has a 3-1-3 reversal pattern. One could use 15m/30m or 1h TF to find an entry for a short. Strat Radar clearly shows that FTFC - Full Time Frame Continuity - is to the down side.
It's important to remember that we don't know what the market will do next. However at key levels if we think there is a high probability that something may happen, we wait and let price action confirm our thesis. Of course we can still be wrong, that's why risk management is paramount.
Price action tells the truth.