Drstocks_happy_trading

Drstocks_happy_trading

Hi traders, looking back about a year ago you can see - a H&S had formed in the daily chart which might be completed soon. - Yesterday‘s candle was a red hammer, a warning that a resistance level had been reached. - Price has pierced the upper bollinger band. - stochastic and RSI are overbought - price was rejected near the upper trendline of the...

Drstocks_happy_trading

Hi traders, TSLA‘s double top pattern is about to be completed in the 230-225 area. There seems to be strong support. Should price test that area I expect price to bounce and go up on a short term basis. RSI is 31 in the daily, Stoch 5.7. In the 1 H Chart a double bottom seems to be forming with strong support around 233 ish. If it tests, I might buy calls....

Drstocks_happy_trading

sorry, forgot to add SL 320 entry 304.56 tp 1 exit 265

Drstocks_happy_trading

Hi traders, after the double top had formed TSLA had reached tp1 @ 165. Shortly after price reversed and climbed. It went easily through resistance 1 @ 280 area and jumped over the resistance 2 @ 290 area. Price climbed, but what about volume? Since the double top volume declined in the daily. That made me quite suspicious and I did not follow the bulls. I...

Drstocks_happy_trading

Hi traders, TSLA still seems to the double top. I expect price to go down further. Here is why: - Premarket opened with an 11 point gap down @ 897 - Volume on the daily still going slightly down - Price broke through support @ 908 - ma 9 crosses above ma 21 in 240 min chart TP1 : 860 TP2: 833 What is your opinion? Thank you

Drstocks_happy_trading

Hi Traders, price has failed several times to break resistance above 940. TSLA has formed a small double top. I expect price to go down. Here is why: - Price broke through support @ 916.33 - Stochastic reached 97.65 in 1 h chart - RSI reached 79.22 in 1 h chart - ma 10 crosses above ma 21 in 15, 30, 60 min chart Enter@ 925; exit @ 865 What is your opinion? Thank you..

Drstocks_happy_trading

After the Diamond pattern had formed we saw a strong upside bounce. Target 765 area has been reached. In the daily chart we see the double bottom turning into a bearish pennant. The pole shows the down trend followed by the consolidation period. Inside the pennant price is making lower highs and higher lows. The consolidation period has lower volume, including...

Drstocks_happy_trading

The double bottom pattern completed. We saw target 628 on the bottom again as well as target 756 on the upside. Now what? Has a diamond bottom pattern formed? Or are we actually looking at a triple bottom in the 60 min chart? Then I would expect to see 628 - 625 again soon before a strong upside bounce. What do you think?

Drstocks_happy_trading

I believe in „history repeats itself“ and actually this looks like an interesting pattern. When you see in the hourly chart the double bottom forming (Februar 11 - march22) and compare that with the current double bottom pattern, there is a good chance that we will see 620 again. Guess that‘s my entry, if we get that far down.

Drstocks_happy_trading

AMZN confirmed the double bottom. A relief rally followed as price broke resistance @ 2200. Yesterday price has confirmed the (probably short term) trend reversal as it went through resistance @ 2316. Price might hit next resistance probably @ 2475. In the daily chart we see already 4 bullish green candles in a row. If we compare this with the similar ...

Drstocks_happy_trading

AMZN might form a double bottom, followed by a relief rally, if it breaks resistance @ 2200. Might fill the gap up to 2761 before it crashes all the way down to 1500?

Drstocks_happy_trading

Quick summary. Beginning of April: bought TSLA 04/29/22 Put 1030 and TSLA 05/20/22 Put 975. I was in that short position since price went through 1110. Believed in tp 950 or below. Many doubts though. Wanted to get out many times. But did not, meaning I did not use a stop loss and took full risk. Closed on April 20 the 1030 put with 65% profit. And...

Drstocks_happy_trading

I’ve decided not to close @ 980 yesterday, but to keep holding til TP 950. However, I almost closed today, because: - Yesterday’s inverted hammer in the daily could indicate a reversal and start of bullish pressure. - Also the stochastic in the daily showed yesterday 0.72 (Apr 11), another signal of reversal - Upward Gap was likely to be filled But I...

Drstocks_happy_trading

I am in a short position since price went through 1110. I think it might go down a bit more, TP 950-980. Here‘s why: - stochastic on the daily showing 98.72 (Apr 4) - I see triple tops forming in the daily as well as the hourly and the 15 min charts. - Also a descending triangle in the 30 min and - ma 15/30 crossing in the 30 min. So I‘ve been short strike...