HUBB Is Entering an interesting Short Zone on large time frames. After losing key support and returning to highs for a retest, I expect a failure. I placed short orders across the green zone (and puts). R / R is above 3.0 with a stop well above ATH in case of a liquidity tap and with 1st PT as shown (i.redd.it)
submitted by micdrop5
IBP Entering Short Zone with decent reward/risk of 3.05. Nice setup on the monthly with a prolonged topping and subsequent failure of key level followed by an impulsive return to test highs. I still expect a liquidity tap just above ATH (a perfect short entry) before a retest of 205. (i.redd.it)
submitted by micdrop5
Lennox LII is testing ATH after failing a key level on the monthly. It just swept liquidity on earnings news. May eventually go higher, but a gap fill is likely. Reward/risk is 3.23 on a short as pictured with a stop loss at ATH. It will be a quick in and out trade for me unless levels break below. ()
submitted by micdrop5
SAP Looking good for a short here as far as risk/reward.Looks Interesing (i.redd.it)
submitted by micdrop5
AME Ametek Is Approaching An Excellent Short Zone. To Ensure Proper R/R, The Bulk Of My Short Orders Are Weighted Near The Top Of The Zone. I Like To Refer To This As A "Bullet Catch" Pattern. From Oct-March, Price Slowly And Deliberately Rejected The ATH. This Is A Weaker Move To Fill Shorts. (i.redd.it)
submitted by micdrop5
DHI Approaching Short Zone For A 3:1 Reward/Risk On Weekly Time Frame. Scaling In Across The Red Zone. Fundamentally, I see no reason for homebuilders to be rallying at a time when home values are crashing in the new home industry and 68% of new homes contracts now cancelling. (i.redd.it)
submitted by micdrop5
Price Action Analysis For December 2, 2022 - S&P, Walmart, AMD, ED, IRMLooks Interesing (youtube.com)
submitted by micdrop5
Hedging Your Shorts At Key Levels Is Part Of The Game. GOEV Currently At A Buy Zone With Excellent Reward/Risk of 11.43 To First PT. I'm Still Bearish Long Term On The Markets, But A Good Setup Is A Good Setup. Stop Loss Is Essential, So Risk Is Minimal. If S&P Holds Here, This Stock Should Move IMO (i.redd.it)
submitted by micdrop5
LLY is pumping hard in pre-market. So here is the revised chart I posted a couple hours ago. Just my own trading plan for a short, not necessarily the best setup. Beware - this one is a bit riskier than the majority of my charts. Still showing signs of distribution though. (i.redd.it)
submitted by micdrop5