Hi guys, I will be presenting a trade idea that is of a much larger scale. This trade idea involves predicting the next recession - something that is at the back of almost every investor's minds.
I will be proposing an open trade at 45.06, which is represented close to the fibonacci 0.786 level, a stop loss at the 51.94 level (which is close to the previous...
The 1-year moving average is starting to turn bearish on a move to revert to the mean (3-year and 5-year MA).
This will present a buying opportunity at different key levels, depending on your patience and risk profile.
Ref. price: 43.83
$VEA I see rejection at $44, today closed below the sma50 on 2.72x average volume.
Looks like a good spot to short with a max risk of 2atr (14) stop on close.
