High probability, Great Risk/reward, only way it goes wrong is if WMT crushes their earnings. I think even if they meet expectation's it'll still go down. If this chart isn't screaming "overextended" to you, I don't know what would be lol. I'm playing OTM Puts with 2-4 week expiry. Good luck
5am pumps are terrible for my sleep schedule, the chart is messy but no time to clean it up right now. Reasons to go down from here that I see are: 1) rejection at Daily kijen line 2) a 9 on the 4hr TDsequential (not shown here) 3) .500 Fib retrace = 6.7k, , .618 fib = 6.9 4) Long term trendline resistance from 20K top to 7.5k top (Thick Red line) which to date...
Crazy run up, wish I bought in earlier. But looks like a good time to take a little profit, with an aim for reentry around the 50MA (blue line) and the Yellow Kijen line. I put Pink squares around areas around areas of interest where the pattern repeats, it seems to have played out a few times already.
Areas of interest are the Pink Rectangles, I'm notoriously told my charts give people seizures with all the lines/colors so tried to clean this one up. 1. Blue Fib is drawn from the bottom ($6) to the high ($1424). I repeatedly see Cryptos respecting Fibs that are drawn from the bottom to "Notable Highs". 2. Yellow Fib is drawn from $6 to $805 (The 2nd High)...