In this video, I covered what I traded and how I traded. I took one trade on SPY etf 0 DTE expiration date $428 put strike at $0.39 and sold at $1.15 based on the technical analysis shown in this video..
In the futures session before NY open, I notice priced action was sold off from the 1.618 fib extension of the bearish ab-cd triangle.. there was also a bearish ab-cd triangle hidden inside a bull flag on spy.. I caught the rejection from the bear flag, that also rejected from the same level of the bearish cypher pattern. I'm looking for bearish continuation to continue, into a possible bullish ab-cd triangle pattern set up w/ a potential retrace back to the .50 or .618 fib level. Im in cash position, will let market dictate Monday and react accordingly.
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To be honest, I see one big bear flag continuing til it finds its invalidation. I'm not looking to jump out in front of that invalidation, but to react accordingly
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no bull til it clears 4310
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preparing myself mentally (market will do what it wants) all in cash over the weekend..
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i've also seen this set up turn into a bullish inverse head and shoulders, you have to train your eyes first
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did you see it? they can spike it over 310, and then dump it.. for me taking out Friday opening would be the convincing trade confirmation for me along w/ 435.. stay aware of all the trade exits/entries and set ups. and trade accordingly to what I see. Cheers
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.