Potential long trade with target around 4,300

20 mag 2021

The trade is already active (since 4,070). Two major resistances are ahead:

• 4,120
  
• 4,155
  

My main assumption is, that we stay within the major channel (which started in Nov 2020; I gonna post a picture afterwards).

In addition to my main assumption, we have some positive divergence in the 4H MACD. You might want to wait until the cut is done.

20 mag 2021

Trade attivo

20 mag 2021

Nota

This is the channel which I mentioned earlier.

s3.tradingview.com/snapshots/x/xd9bYWTP.png

25 mag 2021

Nota

130 points so far. Always good to take some profits. The trend is still in play.

26 mag 2021

Nota

We are still basing, which is usually bullish. I have closed already 60% of my long positions. I added some shorts (I would close the shorts if we don't see some selling within the next 36-48h). I still believe that we can make it to 4,340. Nevertheless. I am still an opportunistic bear. Take care.

26 mag 2021

Nota

1H: This is why I added some shorts.

26 mag 2021

Nota

But the 4h still suggest a bullish trend.

26 mag 2021

Nota

And the daily is still bullish too.

26 mag 2021

Nota

I still would like to see how this gap will be filled. But right now, we don't have enough selling pressure.

1 giu 2021

Nota

Five days of basing, which is usually bullish. I am optimistic, that Wall Street might give a try within the next days.

1 giu 2021

Nota

2 giu 2021

Trade chiuso manualmente

VIX broke out; Short squeeze on meme stocks; Rising yields. Time to take a brake.

130 points. Thank you ES!