u/zZYNX1

I am trading pullbacks, i am from germany so i may not be able to explain everything properly but ill try my best.

So I found a clear uptrend on the daily chart, the price is above the 200 and 50 EMA. It has pulled back to the 21 EMA. It is also sitting at the 0,618 fibonacci level from the second impulse, not the one you see on the picture. so i have two supports there, the fib level and the different EMA on differnt timeframes. The 20day on the daily, the 50 on the 4h and the 200 on the hourly. The RSI also doesnt appear to indicate the stock beeing oversold or overbought. The volume wasnt that high too compared to the average. I will wait on monday to see if i get a bullish candle and the probably enter the trade there is also a inverted hammer on the 4h.. Ill only sell 80% of the position at the take profit, to check if the price breaks through the all time high.I am entrying at approx 19.20-50, stop loss will be at 18.40, further decension would be a sign of Change of Character, take profit is at 22.40, risk to reward is at 2.2. Is there anything I am missing? I also may not have said everything which was going through my head so just ask. I appreciate any help or critique.

https://preview.redd.it/kz7ghe5hg3bh1.png?width=1817&format=png&auto=webp&s=5677b201edad343292dbd9990a56e384a8f1bd62

I am trading pullbacks, i am from germany so i may not be able to explain everything properly but ill try my best.

So I found a clear uptrend on the daily chart, the price is above the 200 and 50 EMA. It has pulled back to the 21 EMA. It is also sitting at the 0,618 fibonacci level from the second impulse, not the one you see on the picture. so i have two supports there, the fib level and the different EMA on differnt timeframes. The 20day on the daily, the 50 on the 4h and the 200 on the hourly. The RSI also doesnt appear to indicate the stock beeing oversold or overbought. The volume wasnt that high too compared to the average. I will wait on monday to see if i get a bullish candle and the probably enter the trade there is also a inverted hammer on the 4h.. Ill only sell 80% of the position at the take profit, to check if the price breaks through the all time high.I am entrying at approx 19.20-50, stop loss will be at 18.40, further decension would be a sign of Change of Character, take profit is at 22.40, risk to reward is at 2.68. Is there anything I am missing? I also may not have said everything which was going through my head so just ask. I appreciate any help or critique.

https://preview.redd.it/6g0qt89w31bh1.png?width=1309&format=png&auto=webp&s=1f49fa976bcfe13643f50f10955f1d8e6eb457f9

I've spent several hours on this now, but I'm still a bit unsure if the setup for buying is really right. I'm very confident that IREN will make some percentage moves tomorrow. They announced the Mirantis acquisition today, and I'd be very surprised if they don't have something else to present the day after tomorrow – like a new contract with someone. With similar companies, the numbers weren't optimal, but they still rallied well after earnings. The stock in general is running quite bullish right now, which I like. However, if we dip tomorrow, I'd simply use that as an opportunity to buy normal shares instead, because I just trust the company like that. I want to buy calls now at a strike of $50, delta was 0.68, ratio 0.1, expiration 18.06., price is currently at €0.93. I'd be going in with an amount I can afford to lose. Did I miss anything? The stock has usually crashed quite a bit after earnings, which makes me still doubt, but I'm convinced that enough has changed that this pattern will change too. This is the first time I've dealt with something this risky, I started two months ago and started with 12% gains. I want to use some of the profit to play around with now.
I am pretty confident but would like some feedback.