This will be an excellent (and may I saw obvious) trade to look out for today. After a strong move post-earnings, we have already shown signs of buyer weakness at these levels.
Today we are looking for that squeeze and proof of buy side tapering at the top of our yellow and blue tapered buying continuation channels.
They line up perfectly and will be wedging with strong orange buying - which is great confluence for me along.
If buyers are unable to continue higher using orange and fail to break yellow and blue, this means... If we can't go up, __________ (Hint: we go down!).
Will take this short on proof of tapering at the top of these channels and as we see in pre-market action we will be opening up right around these levels.
Come join us in the livestream to see this trade taken in real time if it presents itself!
Happy Trading :)
Today we are looking for that squeeze and proof of buy side tapering at the top of our yellow and blue tapered buying continuation channels.
They line up perfectly and will be wedging with strong orange buying - which is great confluence for me along.
If buyers are unable to continue higher using orange and fail to break yellow and blue, this means... If we can't go up, __________ (Hint: we go down!).
Will take this short on proof of tapering at the top of these channels and as we see in pre-market action we will be opening up right around these levels.
Come join us in the livestream to see this trade taken in real time if it presents itself!
Happy Trading :)
Partner & Managing Director
TraderDaddy | The Forex & Options Trading Academy
One-One Trading Mentorship
TheTraderDaddy.com
TraderDaddy | The Forex & Options Trading Academy
One-One Trading Mentorship
TheTraderDaddy.com
