Inverse pyramid method - a way of tranching wherein “test buy” comes first before entering a significant allocation. Then when the price comes in favor of the trader’s bias, adding positions may apply which value is bigger than the “test buy”.
Risk cancellation happens when you have an unrealized gain that can cover the risk you set for that particular trade.
It can also be a situation where an open position is on the winning side and just waiting for a trail stop/target profit to be executed.
In those situations, set your stops at breakeven.
Risk cancellation may give you more room to add...
the RSI indicator is at the overbought conditions which could result in a price drop.
MACD is also showing a decreasing positive momentum and we may get a bearish cross soon.
The move seems to be a little bit overextended therefore the correction may be expected.
entry, stop loss and 2 targets are shown on the chart.
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Hello, here is a brief personal analysis of Spotify Technology on the NYSE for the medium-long term.
With price information from April 2018, it is a fairly simplified graph, let's remember that entertainment and technology companies were one of the few areas, along with pharmaceuticals, that saw maximum peaks during the COVID pandemic, compression and...
I am using Spot and GME as examples of Bull traps. Be real careful out there are a lot of bull traps
out there. Do not chase. The macro picture is not that pretty. Sudden moves are designed to provoke
emotions and get you to react. Be cool!
Remember when everyone was pumping MEME stocks like GME only to collapse 80%?
This is no different.
Spotify missed out on their earnings by 1.75%, this is why we are bearish. Furthermore, technical analysis also indicates a bearish sentiment as the chart forms a rising wedge.
Entry price at 140.42
Exit price at 116.56
Stop loss at 145.66
Earning 4/25/2023 before Market. (Miss)
Open GAP and ran into Supply Zone, sell pressure confirmed Supply Zone.
Short Sell 139
Stop 150
Target 117, 100
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
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Please note that any trading...
A rising wedge always ends badly and this one is near completion. When the price breaks down out of the wedge it will likely drop till it fills the gap at $102. The difference from $128 to $102 is $26 for a pullback of approx. 20.3% .... I suggest you Take your profits now.
SPOTIFY platform leading music and podcasts in the media entertainment can be the reason this stock catches the same attention in 2020. Above this demand zone I see $SPOT trend back up to highs.
