*disclaimer: Not financial advice. This is my personal trade plan only. I am not qualified or licensed to advise anyone on their specific positions or trades, I am sharing my personal opinions only. Never make financial decisions based on any information on this site or any associated platforms. Always consult a professional for investment related advice and do your due diligence*
Overview:
What a day… Indices sold off ~5% from supply, nearly straight down. Bearish counts are now confirmed – I am now looking to aggressively short any corrective bounces/new supply on the way to the targets.
- 30m supply aligns with the 0.5-0.618 fib zone. Looking for a corrective bounce to short
- Hourly supply + 0.618 fib confluence. Looking for a corrective bounce to short.
Setups:
- Setup: Type A
- Confluence: Daily/30m supply + fib zone
- Trigger: Rejection from 30m supply / fib zone
- Notes: Arrival to the zone must be corrective
- Setup: Type A
- Confluence: 8H supply + 1H L.O.L Supply
- Trigger: Rejection from fib/supply zone
- Notes: Must arrive to the zone on a corrective bounce
- Developing Setup: IF $AAPL gets a corrective bounce BEFORE breaking the swing low, I will look to short a rejection from 30m supply