Indexes turning bearish at least in the short term so its time to find a suitable short.
And so KBH here appears to be completing an ABC retracement that if correct will see it go much lower.
Plenty to go on:
I've bought a Jan 2023 ATM put near 0.618 retracement
Not advice.
And so KBH here appears to be completing an ABC retracement that if correct will see it go much lower.
Plenty to go on:
- Its hit the 1:1 .
- Its printed a probable exhaustion gap.
- Its formed a fast wicked top SRP through the 1:1.
- Its filled a gap from 9 June.
I've bought a Jan 2023 ATM put near 0.618 retracement
Not advice.
Note
There were a couple more greed testing Wyckoff UT Upthrusts, but now the trend has broken to the downside in tandem with index retracement.Going very well 😸.
Note
This drifted a while but now indexes are falling, KBH is plummeting!1:1 is $16 and it will probably overshoot perhaps to the 1.272 at $13 so targets to cover will be in that area I think.
Note
This one is working out very well 😸.
Your FA guru can't read a chart💭
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.