Potential long trade with target around 4,300

2021年5月20日

The trade is already active (since 4,070). Two major resistances are ahead:

• 4,120
  
• 4,155
  

My main assumption is, that we stay within the major channel (which started in Nov 2020; I gonna post a picture afterwards).

In addition to my main assumption, we have some positive divergence in the 4H MACD. You might want to wait until the cut is done.

2021年5月20日

交易進行

2021年5月20日

註釋

This is the channel which I mentioned earlier.

s3.tradingview.com/snapshots/x/xd9bYWTP.png

2021年5月25日

註釋

130 points so far. Always good to take some profits. The trend is still in play.

2021年5月26日

註釋

We are still basing, which is usually bullish. I have closed already 60% of my long positions. I added some shorts (I would close the shorts if we don't see some selling within the next 36-48h). I still believe that we can make it to 4,340. Nevertheless. I am still an opportunistic bear. Take care.

2021年5月26日

註釋

1H: This is why I added some shorts.

2021年5月26日

註釋

But the 4h still suggest a bullish trend.

2021年5月26日

註釋

And the daily is still bullish too.

2021年5月26日

註釋

I still would like to see how this gap will be filled. But right now, we don't have enough selling pressure.

2021年6月1日

註釋

Five days of basing, which is usually bullish. I am optimistic, that Wall Street might give a try within the next days.

2021年6月1日

註釋

2021年6月2日

手動結束交易

VIX broke out; Short squeeze on meme stocks; Rising yields. Time to take a brake.

130 points. Thank you ES!