BreezeTrades808

BreezeTrades808

Change the 15 minute to 2minute view My intraday setup looks at the 30 minute chart and the 2 minute chart. I use market profile techniques to mark levels and watch how distributions form around prices to form an opinion on how price would act in certain levels/zones. All levels are marked from weekly or daily timeframes based on price action and MP...

BreezeTrades808 Updated 

Long Idea. Since the beginning of 2023, AI has been in a daily uptrend, currently trading above its 200 DMA. It also seems to be a favorite short candidate given its downward trajectory in 2022, so there's squeeze potential. A distribution has been built < 15, and 20 has been acting as strong support since February, enabling price to make higher highs. Along...

BreezeTrades808 Updated 

Short Idea. Since the start of 2023, TSLA has been in a daily uptrend and has seen increased volume from the lows, implying heavy buying < 120. A distribution has been built > 170, but price has been having trouble sustaining > 200. Price is currently 189, and trading under 200D, and has recently started trading under 20D and 50D. Price is trading at the lower...

BreezeTrades808 Updated 

Long idea. BAC is a stock that has been negatively affected by the recent issues with regional bank stocks. While the bank seems fundamentally sound, I think there's an opportunity to go long for mean reversion. Has been in a daily downtrend since the beginning of March and has hugged the 2sd 20D. However, price has stalled 26-28 and is seeing some high...

BreezeTrades808

Long Idea. Since Q4 2022, AMEX:EWZ has been trading below the 200D and has recently seem some breakout gaps to the upside with some relatively high volume. I looked at option flow today (4/13) and 34s and 39s got lit up (seeing volume of 37K for each strike). Now, my first impression was that this could be a short. However, I'm willing to challenge my initial...

BreezeTrades808 Updated 

Short idea. Since the beginning of 2023, NYSE:CVNA has seen a run-up in February that has since run down. Based on the monthly market profiles, excess was generated > 16, and price has not been able to reclaim February's VAL. Currently trading below 200D and testing the 50D. Combined with today's gravestone candle, this feels like big sellers are present >...

BreezeTrades808 Updated 

Long Idea. Over the last year, NYSE:NU has been consolidating between 4 - 5, and has recently reclaimed the 200D. Along the way, a trend of increasing volume with price increases and volume decreases with price decreases implies that dips are getting bought, which seems bullish. Based on market profiles, poor highs seemed to get cleaned up and revisited,...

BreezeTrades808 Updated 

NASDAQ:AMD Long idea. Has been in daily uptrend since the beginning of this year with higher highs and lows. Currently trading above 20D with 50D > 200D. Has formed a distribution > 91 implying that price wants to explore higher, or keep building value at the highs. There's a play for upside continuation. Recent action implies a pullback from 2sd 20D. Trade is...

BreezeTrades808 Updated 

Short idea. Since the beginning of 2023, IWM has put in a lower low on the daily indicating that support at 170-172 is soft, and the trend of higher lows established by the Oct swing low seems to be broken. Tough April so far -- currently trading below the 20D / 50D / 200D. The distribution that price is trading in right now is support, but I think 170-172...

BreezeTrades808 Updated 

Short Idea. BTC has been in a daily uptrend since the beginning of 2023, and has built a distribution > 27K. To note, there are 3 distributions visible on the chart, indicating values has been built at these areas. Price seems to have slowed down in this top distribution, and R:R feels skewed downside. Price is currently right in the middle of the top...