Using Heikin Ashi Candles to Exploit the BIG REVERSAL on $F
As you can see, on
F
there is a large area of supply on the daily timeframe from 14.72-15.00. The blue dotted line at 14.55 is a point of control. I have started a small position short on
F
1-2 months out. Notice the 1 and 4 hour Heikin Ashi candles already showing the start of a bearish trend. I'd like for the daily candles to confirm the bearish trend before adding to this position. Let it dump, I never liked Ford vehicles anyway!
F
there is a large area of supply on the daily timeframe from 14.72-15.00. The blue dotted line at 14.55 is a point of control. I have started a small position short on
F
1-2 months out. Notice the 1 and 4 hour Heikin Ashi candles already showing the start of a bearish trend. I'd like for the daily candles to confirm the bearish trend before adding to this position. Let it dump, I never liked Ford vehicles anyway!
Trade active:
I entered puts (starter position) 1-2 months out at the $13 strike.
Comment:
The trend appears to be reversing. I am comfortable holding this for a large momentum move down.
It's not about the money made. It's about the freedom created.