BA - Correction To Dump Again

٣ أغسطس ٢٠٢٢

So many people have hope for this name but all it does is correct and dump.

Top hit log 0.786 from the thrust dump candle and now the LTF bounce is about to strike resistance where my limit short order is.

Should be heading down along with an index correction shortly.

Not advice.

٣ أغسطس ٢٠٢٢

تم فتح الصفقة

Triggered - i'm short.

May as well select "trade active" - there we go 😸

٣ أغسطس ٢٠٢٢

ملاحظة

Forgot to mention there is an earnings gap before the top that should get filled. Good chance a topping candle prints on the weekly chart.

٣ أغسطس ٢٠٢٢

ملاحظة

I'm up 0.5% in 6 mins at the close ! 😄 - thankfully I front ran the spread.

٦ أغسطس ٢٠٢٢

ملاحظة

This is an extremely bearish weekly candle also with the gap.

I'll probably add to my position next week.

Should be an easy ride down.

١٥ أغسطس ٢٠٢٢

ملاحظة

BA may be breaking out here. I think it may tag the 200DMA and if it does i'll enter another short positon.

١٥ أغسطس ٢٠٢٢

ملاحظة

١٨ أغسطس ٢٠٢٢

ملاحظة

BA has been drifting up and sideways in an ultra corrective motion and yesterday had a big dump with indexes dropping off.

Of course it can bounce, but considering how corrective to the upside BA has been, this is most likely an initial collapsing structure and is the largest momentum candle since 12 July.

The beginning of the end and trend returning to the downside.

٢٥ أغسطس ٢٠٢٢

ملاحظة

This looks like textbook 1/phi (0.618) + overshoot retracement.

Added to my short.

Should be heading down with a thump soon enough.

٢ سبتمبر ٢٠٢٢

ملاحظة

BA rolling over like a limp corpse through 50MA. This is going to drop like a rock i think.