$SPY #SPY Arguably a short-term capitulation candle similar to the last 3 this year that had over 4.25% ranges.
On average:
-8 trading days to top out before the reversal started to new lows.
-6.4% further upside from the candle's close before the reversal started to new lows.
$AAPL
Scenario 1: take long at the bottom of channel (if bullish market)
Scenario 2: wait for breakout of channel take a long to potential resistances
Scenario 3: Short below the channel till support $133.83... Also got Gap to fill $133.32 down to $132.02 back in June
$META
Scenario 1: take long at bottom of channel
Scenario 2: Play it safer and wait for confirmation of breakout of channel. Sell at resistance
Scenario 3: Short the breakdown of channel... Support range at bottom.. if that breaks you will be making new 52 week lows
$META
Scenario 1: take long at bottom of channel
Scenario 2: Play it safer and wait for confirmation of breakout of channel. Sell at resistance
Scenario 3: Short the breakdown of channel... Support range at bottom.. if that breaks you will be making new 52 week lows
$AAPL
Scenario 1: take long at the bottom of channel (if bullish market)
Scenario 2: wait for breakout of channel take a long to potential resistances
Scenario 3: Short below the channel till support $133.83... Also got Gap to fill $133.32 down to $132.02 back in June
$TSLA
Scenario 1: play the breakout & target green line and scale out at resistance prior
Scenario 2: breaks support target wick before gap fill.. if market still bearish u can target gap to fill back in July 27th
$SPY (descending triangle) looking for a retest and go
Bullish Scenario 1: buy the retest and target the top of the triangle around $366.95
Extreme bullish Scenario 2: Scale some at $366.95 and target gap to fill
Flat scenario 3: Buy the retest & target todays closing price