After the first post about CVNA, I bailed out on a small loss (see linked Chart). But then Immediately loaded Puts and had a good "Steak & Lobster" time §8-)
Price behaves like textbook when we consult the Medianlines trading framework and rule set.
First price reached the red Centerline, followed by the expected pullback to the white Lower-Medianline-Parallel.
If the "Fish" can't manage to jump back into the white Fork, then I expect much more downside to come. If this is the case, we have two good looking PTG's at PTG1 & PTG2.
To me, this Scam Company (see my first post) is done. It's just a matter of time.
For the longer time frame, I will check out ITM LEAP-Puts and let them profit from the ride to the south.
And for short term trades, I just wait for pullbacks as it did now, and take it short to finance some of my LEAPs, Dinner and Weekend Holidays.
Isn't it nice, how we can find good even in bad? §8-)
May the Fish be with us!
Price behaves like textbook when we consult the Medianlines trading framework and rule set.
First price reached the red Centerline, followed by the expected pullback to the white Lower-Medianline-Parallel.
If the "Fish" can't manage to jump back into the white Fork, then I expect much more downside to come. If this is the case, we have two good looking PTG's at PTG1 & PTG2.
To me, this Scam Company (see my first post) is done. It's just a matter of time.
For the longer time frame, I will check out ITM LEAP-Puts and let them profit from the ride to the south.
And for short term trades, I just wait for pullbacks as it did now, and take it short to finance some of my LEAPs, Dinner and Weekend Holidays.
Isn't it nice, how we can find good even in bad? §8-)
May the Fish be with us!
Nota
Who's a MF Happy Camper now? §8-)Second Christmas before Christmas!
Although I think CVNA sooner or later will go off the markets, now it's the time to at least take some partial profits!
Price came down to the tick and stops at the WL. That's a huge PinBar, that could produce a bigger bounce up to the Centerline. So, I don't want to be a greedy Pig and take at least partial profits here.
Trade attivo
Getting payed is, well, relaxing? §8-)Nota
After PTG1 was reached, there is a good potential for a continuation to the L-MLH (see prior note):
🔱 Follow The Fork 🔱
👉 Avoid subjectivity.
👉 Find multiple R Trades.
👉 Trade the Medianles aka Pitchfork Edge
👉 Avoid subjectivity.
👉 Find multiple R Trades.
👉 Trade the Medianles aka Pitchfork Edge
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
🔱 Follow The Fork 🔱
👉 Avoid subjectivity.
👉 Find multiple R Trades.
👉 Trade the Medianles aka Pitchfork Edge
👉 Avoid subjectivity.
👉 Find multiple R Trades.
👉 Trade the Medianles aka Pitchfork Edge
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.