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longstrokelarry
25 Okt 2022 pukul 06.59

SPY Shark and Deep Crab complete ~406 4H Pembelian

SPDR S&P 500 ETF TRUSTArca

Deskripsi

Bear market rally to squeeze record amounts of put contracts and offside shorts

Deep Crab inside of a larger Shark pattern
deep crab xa extension can go to 1.618 or 1.9
shark xa retracement can go to .886 or 1.113
both structures have broken above their B points - double pattern B point breakouts are more powerful than one
these patterns can be considered valid potential harmonic patterns until an upsloping support trendline is broken
9-13-20 ema crossing 50/100 emas and pointing at 60 degree angle (showing strength) - working on getting above 200ema
indicators have room to run, personally would add 25% of overall position at current levels and would add full position on pullback, its personal preference, but 406 on SPY is programmed in time

entry 379
stop 362
target 404

r/r 1.6:1 probability of success: high
Komentar
longstrokelarry
personally i would stop myself out on this trade today at 385
targets probably will still hit but its just not worth sitting thru FOMC with a position on, can reevaluate after supports are held or broken, etc
so 379-386
almost 2% move captured w/o leverage
going to start posting my trade record with % PNL
thinking about starting a signal service because im good enough to do that and am somewhat interested in helping others that see the vision so will probably record trades here as evidence since posts cannot be deleted
1-0 / 1.6% PNL
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