Hi all,
We have completed the micro distribution at LPSY and now in mark down phase. Lots of long and short squeeze happening, so i wanted to provide a simple framework to trade this mark down.
Here's my take on the dip,
Following the downward stride we'll get the first bounce at 51.700 but it will be taken down after a short bounce (so take quick profit around 4-5%) and we go down below 48-49k!
That's the dip! Get ready for your Black Friday special discount!
If at any point this analysis gets invalidated, my stop buy order will kick in and buy the breakout!
Trade safe and use a stop loss (or stop buy as you can see in this post.)
We have completed the micro distribution at LPSY and now in mark down phase. Lots of long and short squeeze happening, so i wanted to provide a simple framework to trade this mark down.
Here's my take on the dip,
Following the downward stride we'll get the first bounce at 51.700 but it will be taken down after a short bounce (so take quick profit around 4-5%) and we go down below 48-49k!
That's the dip! Get ready for your Black Friday special discount!
If at any point this analysis gets invalidated, my stop buy order will kick in and buy the breakout!
Trade safe and use a stop loss (or stop buy as you can see in this post.)
