Preparing for next week.
As yall know I sold my SQQQ position at $19.60 support range, I'm looking for another short position.
This is what I'm seeing
1. Overall we are still in downtrend so I'm only taking short positions
2. We broke 2 previous supports we are currently retesting the $18.40 - 18.20 range, with the bigger resistance being the $19.60-$19.20 range
3. Currently we are bouncing off support and looking to break our first resistance, if this done we might be headed towards the $19.20 range
4. If you look at the adx its not responding to the current uptrend which tells us this is just a pullback from over selling pressure
5. The MFI is not oversold yet which means we could see a small continuation upward.
My entry requirements, I would like to see the MFI go over bought and the adx continue to trend down if this happens and I get a negative macd crossover ill enter my short position. As this happens the TSV bars should be getting smaller with a 0 line crossover.
thanks,
God bless
As yall know I sold my SQQQ position at $19.60 support range, I'm looking for another short position.
This is what I'm seeing
1. Overall we are still in downtrend so I'm only taking short positions
2. We broke 2 previous supports we are currently retesting the $18.40 - 18.20 range, with the bigger resistance being the $19.60-$19.20 range
3. Currently we are bouncing off support and looking to break our first resistance, if this done we might be headed towards the $19.20 range
4. If you look at the adx its not responding to the current uptrend which tells us this is just a pullback from over selling pressure
5. The MFI is not oversold yet which means we could see a small continuation upward.
My entry requirements, I would like to see the MFI go over bought and the adx continue to trend down if this happens and I get a negative macd crossover ill enter my short position. As this happens the TSV bars should be getting smaller with a 0 line crossover.
thanks,
God bless
Nota
So far so good, i'm still seeing weakness but that can change at any momentright now we got the oversold condition on the mfi
TSV is rolling over across the 0 which is bearish
ADX still below 20 which means the trend is weak
Nota
scenario 2Trade fechado: objetivo atingido
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.