AtitPatel

AtitPatel Updated 

Details on Chart. Let me know what you think. Thanks

AtitPatel

Trading the second retrace in the downtrend.

01:04

AtitPatel Updated 

Let me know what you guys think. Thank you

02:03

AtitPatel

Let me know what you guys think. Thank you

02:21

AtitPatel

Let me know what you guys think.

AtitPatel Updated 

MACD shows the loss of momentum for the uptrend at the key resistance level, with an additional confirmation of divergence on the stochastic. I assume market could be going south from here. The concern for the trade is EMA(15) might act as a support. That's a factor that adds to the risk of this trade.

AtitPatel

Buying naked puts for xlb, expiring this friday

AtitPatel Updated 

Earnings report on May 19. Earnings estimate is -0.14 EPS, I assume it can't be more than -0.20. Moreover, I assume the revenue won't beat the estimate. For the current quarter I believe the company won't be performing as well. Overall, I assume the stock should go down. Thanks for reading

AtitPatel Updated 

- Break and Retest -Fib Level 61.8 -Upwards Channel -Volume Surge on upwards move

AtitPatel Updated 

Buying Vertical expiring on friday

AtitPatel Updated 

Sell Stop just below the low of the previous candle. Trade won't be valid if stop isn't triggered before the close of the next candle

AtitPatel Updated 

A classic reversal pattern at a ket support level Divergence on the stochastic Buy stop 1 pip + spread above the high of the last candle SL 1 pip below the latest low Trade will not be valid if the stop isn't triggered before the close of the next candle

AtitPatel Updated 

As I mentioned in my previous posts regarding SPY, I assume the market will continue with the downtrend. What I noticed now is that the Volume is drying out as the market is rallying. That may be taken as an early indication that bears might dominate the market soon or atleast we can see consolidation for a while. Let me know what you guys think Thanks for...

AtitPatel Updated 

Why I assume it won't breakout for a while, atleast for not this week 1. H1 charts shows that the downtrend is over extended, it has moved 4 waves to the downside. 2. H4 divergence on the stochastic. I assume the market will consolidate for a while However the CoT report from CFTC released last week shows the Non- Commercial(Hedge Funds) are LONG on Yen and are...

AtitPatel Updated 

On H4, Price at a key resistance level, making a double top pattern Coinciding with fib retracement of 61.8 Price near MA 50. Going aggresive, not waiting for the market to violate the trendline below. I assume, the market will continue the newly established downtrend. Sell stop won't be considered valid if the trade isn't triggered by 13:00 EST Thanks for...

AtitPatel Updated 

Break and retest on H4. Momentum increase towards the downside. Basics, nothing fancy Trade won't be valid if the stop isn't triggered before the close of 5 am 4hr candle. SL goes above the latest high + spread Thanks for reading. Happy trading

AtitPatel

Market has acted out exactly as assumed in the previous SPY post. Please refer the previous post for more details There is a divergence on the %D of the stochastic on the D chart. Price exactly bounced off from MA(50). Now stuck between MA(50) and EMA(15), converging. So I assume it will be an exposive move. On W chart, EMA(15) is offering resistance. Thanks for...

AtitPatel Updated 

1. The price is at a key support level and has turned from there multiple times in the past 2. I assume it won't breakout for 2 reasons: (a) The CFTC CoT reports from last few weeks shows that the Non-commercials(hedge funds) are closing the shorts on Euro and are simultaneously opening longs. For JPY, we have seen an uptrend due to massive closing of the short...