Bullish but no good setup yet

23 feb 2020

I see 4 setups with similar R:R, in the order on the chart:
- long from pullback (aggressive)
- short from resistance (almost as good as a long play)
- long from previous support (probably safest bet)
- breakout play (aggressive)

23 feb 2020

Nota

Notably we are at 0.618 fib which is significant enough to warrant some more bearish action

23 feb 2020

Nota

Likely upside break as very bullish cup price action is formed after accumulation/consolidation

23 feb 2020

Trade attivo

Very small position

23 feb 2020

Nota

not a fantastic start :) as the trend line immediately got rejected but see how it goes

23 feb 2020

Nota

Correction: I meant the price got rejected by the trendline :)

23 feb 2020

Nota

there she goes

23 feb 2020

Nota

hard push back from bears

23 feb 2020

Nota

The hourly close is ominous but sticking with the plan, its a small position anyway.

24 feb 2020

Trade attivo

My SL was actually not hit as the Stop (yellow) did not trigger the Limit order overnight.

24 feb 2020

Nota

New resistance is at 9990, but price action and momentum remains bullish

24 feb 2020

Nota

Also notice the turning

24 feb 2020

Trade chiuso: stop raggiunto

Cracked under heavy volume SL hit

24 feb 2020

Nota

This will probably go lower, I would probably wait to see 9600s before any new long play.

24 feb 2020

Nota

Descending triangle confirms my bias towards more downside

24 feb 2020

Nota

Oh boy I wish I traded this short ;)