Swing play are for expiration 2 Weeks or higher, if you are a new trader. Please buy monthly contracts only until you master consistency & are a profitable trader.
- Fib level Color Explanation Purple(6m), Red(Yearly), Blue(Quarterly), Pink(Monthly)
Unicorn members please see Video Section for these tickers.
SQ
Potential Weekly 1-2-2up
Price close or above the monthly .50 and held the 6M .50 which is a good sign for the weekly reversal Strat Pattern
How to Play?
- Although I would love to get the buy zone area for this ticker, it seems price rushed to close over that 6M .618, so it may just go out the gate.
- The ideal Buy Zone is $74.91
- Price Target for the week is $79.64 $82.70 $84.29
- Invalidate under $74.00
XOP
Potential Weekly 3-2-2up
Price bounced off the yearly/Quarterly BF once again and created a reversal pattern.
How to Play?
- The ideal Buy Zone is the weekly retrace zone $130.61 however it may not come down that far and the yearly .50 $132.74 may be the lowest buy zone
- Price Target for the week is $134.55 $135.50(50% of the gap) over that price will start to head to $140 not sure if 140 will hit this week, may have to swing this position out.
- Invalidate over$129.67
XLE
Potential Weekly 3-2-2up
I like the reversal Strat pattern, however price has failed that Quarterly .50 so this bounce is not a long lasting one in my opinion.
How to Play?
- Buy zone Q .50 $84.60 and $84.03
- Price Targets $85.26 (weekly trigger) $86.31 (gap entry, careful here) If price manage to push through then shoot for the gap 50% $86.92
- Invalidates below $83.73
