CL showing massive wick rejection on the weekly at previous resistance. Risk/reward as pictured is excellent with entries, stop loss, and PTs as shown.
AMD showing three weekly rejection candles at resistance level. Excellent risk/reward with entries, stop loss, and profit targets as shown.
Risk/reward is good here for a short with a stop at all time high, as pictured.
Risk /reward ration is very good for a short in this range, as shown when looking at price action on the weekly, with stop loss and PT's as pictured.
Reward/risk on this trade with stop loss and first PT as shown is 3.11 assuming entries are scattered across short zone.
Reward/Risk is 3.11 with stop and first PT as pictured. Orders are scattered across the short zone.
Reward/Risk on this one is 3.28 with stop loss, first PT, as pictured and entries averaged across the zone.
Reward/Risk with a stop loss and first PT as pictured is 3.29. Let's paint that big "M" on the chart, Micky D.
With the stop loss and 1st PT as pictured the r/r is 3.22. Price action indicates a failure at top of range is likely.
Risk/Reward here is excellent, with stop loss and first PT as pictured. Currently scattering short orders across the red zone.
Risk/reward is good here with stop and PT's as pictured.
GOEV Currently At Buy Zone With Excellent Reward/Risk of 11.43 To First PT. I'm Still Bearish Over The Long Term On The Markets, But A Bear Market Rally Would Not Surprise Me Here. And A Good Setup Is A Good Setup. Stop Loss Is Essential So Risk Is Minimal. If S&P Holds Here, This Stock Should Move. I don't normally place my stops outside of a previous candle...
A reward/risk above 3 is generally considered a good trade by smart money. A r/r above 6 is rare and I always take those trades. This might continue to find new lows and stop me out, but the risk is minimal compared to the possible reward at this current entry. I'm still bearish on the overall market for the coming months, but a short term bounce is quite possible...
SAH is setting up nicely for a short. Reward/risk is 4.36 with stop loss and first profit target as pictured, assuming entry orders are scattered across the red short zone.
BRO is painting a picture perfect short setup. Reward/risk using stop loss and 1st PT as pictured is 4.17 if orders are scattered across the red zone. Nice Quasimodo pattern.
Based on price action and risk/reward, this trade setup is a decent trade IMO if short orders are scattered across the red zone. Distance to first PT is exactly three times the distance to the stop. It's possible that the stop gets hit with a wick, but worth the R/R.
Having lost the uptrend on the weekly, I now expect ORLY to retest and fail at the red zone. Decent reward/risk of just over 3 if orders are scattered throughout the short zone. Stop is essential, as with any swing trade.
Currently entering my short zone. Stop loss is essential on this trade. (4.27) And that gap would be a nice PT.