Buy signal - VCP with UC&R
Updated
With EVTC i see two buy signals - both based on the teachings of my masters - M. Minervini and G. Morales.
First we see a VCP over the last few days (it was also on a short list from our VCPSniper). What is interesting when you look at in details is that we see a 'shakeout' (following MM rules of VCP) that for aggresive traders can be taken as UC&R (undercut and rally) from the previous low. What is even better is that this offers a very tight stop.
Lets see how this develops!
First we see a VCP over the last few days (it was also on a short list from our VCPSniper). What is interesting when you look at in details is that we see a 'shakeout' (following MM rules of VCP) that for aggresive traders can be taken as UC&R (undercut and rally) from the previous low. What is even better is that this offers a very tight stop.
Lets see how this develops!
Trade closed: stop reached
i closed the trade .... it did not behave as expected. So i pocketed a loss.
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