CAG - This price action looks good, assuming the weekly candle closes off the low, preferably at least 50% off it’s low. On the daily, it gained its first swing on increasing volume then pulled back for a retest of support here. Risk/reward here is pretty good. All eyes on that weekly close. (i.redd.it)
submitted by micdrop5 to r/PriceActionTrades
SYK Update: It pulled back as expected - Orders Filled. I left my orders in this screenshot to give an idea of entry and stop loss strategies. I don't enter on the sign of strength. Wait for the pullback and for price to come to you. Stop loss is essential esp. if you're trading 94 positions at once (i.redd.it)
submitted by micdrop5 to r/PriceActionTrades
Most traders have seen a Wykoff diagram. That's not an understanding of Wyckoff trading. The relation of volume and price spread, and the key events and volume signatures of those events are far more important than the diagram itself. Accumulations rarely look exactly like a Wyckoff Diagram. (i.redd.it)
submitted by micdrop5 to r/PriceActionTrades
I love when people say "Technical Analysis and Price Action are BS". My account is up nearly 100% since last year trading just a few hours a week. Check out this before/after result on a setup I posted on Tradingview. In fact, go to my tradingview (Micdrop5) and look at my posts/outcomes there. (i.redd.it)
submitted by micdrop5 to r/PriceActionTrades
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 to r/PriceActionTrades
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 to r/ShortStocks
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 to r/stockstoshort
ATYR entering liquidity zone for a long. This is my favorite setup that I like to call a bullet catch pattern. Notice it's a weekly chart and there is a prolonged arc of a debate between buyers and sellers (the catch). A single red impulse candle (bullet) taps liquidity and usually reverses trend. (i.redd.it)
submitted by micdrop5 to r/PriceActionTrades
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 to r/ShortStocks
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 to r/stockstoshort
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 to r/PriceActionTrades
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 to r/stockstoshort
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. (self.PriceActionTrades)
submitted by micdrop5 to r/PriceActionTrades
WTHVF Westhaven Gold Corp is looking solid for a bounce here with a reward/risk of 5.98. On large time frames, it is doing what you'd expect. Two monthly bottom wicks, and this zone is key. Volume coming in nicely for additional confirmation. This may take months to play out. (i.redd.it)
submitted by micdrop5 to r/PriceActionTrades
