General
After years of general rise in price i dont feel comfortable to buy stocks at this point and hope for a retrace. 2 Scenarios under which i would be happy to buy are marked in the chart.
1. Long (Orange arrow)
Requirements
- Price drops under level 1and retakes it
Target
Shortly under the $200 mark
Invalidation
- Price cant retake level 1
- Price falls again under level 1 after retaking it
Stop- Loss
- Slightly under the generated swing- low in the process of falling under level 1
Time duration
Days, weeks, months, years... ;)
2. Long (Green arrow)
Requirements
- Price drops and area 1 and retakes it
- Area 1 becomes support after retake
Target
S/R level at the recent swing high
Invalidation
- Price cant retake area 1 after dropping under it
Stop- Loss
- Under area 1
Time duration
Days, weeks, months, years... ;)
Good luck
Additional: I linked to 2 short scenarios aswell. I have no preferences - in best case i can take all four trades (2 shorts, 2 longs)
After years of general rise in price i dont feel comfortable to buy stocks at this point and hope for a retrace. 2 Scenarios under which i would be happy to buy are marked in the chart.
1. Long (Orange arrow)
Requirements
- Price drops under level 1and retakes it
Target
Shortly under the $200 mark
Invalidation
- Price cant retake level 1
- Price falls again under level 1 after retaking it
Stop- Loss
- Slightly under the generated swing- low in the process of falling under level 1
Time duration
Days, weeks, months, years... ;)
2. Long (Green arrow)
Requirements
- Price drops and area 1 and retakes it
- Area 1 becomes support after retake
Target
S/R level at the recent swing high
Invalidation
- Price cant retake area 1 after dropping under it
Stop- Loss
- Under area 1
Time duration
Days, weeks, months, years... ;)
Good luck
Additional: I linked to 2 short scenarios aswell. I have no preferences - in best case i can take all four trades (2 shorts, 2 longs)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.