As described on the chart, the candle on 31st March indicates a bull market.
Below are the reasons why i expect a reversal and looking at a trap:
1. Linear Regression - 2 Standard Deviation(SD) - Price approaching a 2 SD point which indicates a 95% probability of a reversal.
2. Pearson's R coefficient indicates a strong correlation with 91.4% supporting the odds of reversal
3. The trendline fan's confluence with 3SD makes the area extremely strong resistance.
4. The current PCR is trending at 1.27 indicating an over-bought scenario.
5. 21.59 - Volatility Skew indicates market's bearish Sentiment.
Trade Suggestions:
Spreads -
1. Bear Put Spread
2. Ratio Spreads -
This is my view and not a recommendation.
Below are the reasons why i expect a reversal and looking at a trap:
1. Linear Regression - 2 Standard Deviation(SD) - Price approaching a 2 SD point which indicates a 95% probability of a reversal.
2. Pearson's R coefficient indicates a strong correlation with 91.4% supporting the odds of reversal
3. The trendline fan's confluence with 3SD makes the area extremely strong resistance.
4. The current PCR is trending at 1.27 indicating an over-bought scenario.
5. 21.59 - Volatility Skew indicates market's bearish Sentiment.
Trade Suggestions:
Spreads -
1. Bear Put Spread
2. Ratio Spreads -
This is my view and not a recommendation.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.