33L trade ideas
LULU TriangleLULU is getting closer and closer to a potential breakout upwards. It's at the bottom of the bottom arm of the triangle, so I would expect a small bounce then into a little bit more consolidation. Then it should break upwards for a solid more.
LULU 1D TRIANGLE BREAKOUTTriangles are repeatable trading chart patterns.
Triangles are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
LULU Rebound WaveLULU is in a correction wave pattern, rebounding off lows. It has made a higher low, which is usually followed to a higher high. I expect the wave pattern to complete around the $365 area.
ABC BullishLULU fell from a Bearish rising wedge and seems to have recovered
Support noted at long entry level
Just an observation so do your research
lululemon steadies, might see more bounce from recent support! lululemon steadies, might see more bounce from recent support!
LULU:NASDAQ - LULULEMON ATHLETICA - Bouncing off support ?LUL has had a pretty steady run prior to its recent pullback. Looks like it might have bounced off support and could be continuing to recover. Could be worth a look.
LULU - October 25, 2020Still bullish on LULU. Added on this recent dip and will hold for the long term.
LULU Dragonfly Doji Reversal Trade @ Support
Dragonfly doji @ previous support
Coincident w/ EMA100, which LULU has historically had strong support @
LULU - October 21, 2020Great RR setup here on LULU for long term shares. I scaled in yesterday and will continue to buy this dip. When the markets recover LULU sees 400+ easily.
with the covid 19 and the us election this will correct with the covid 19 and the us election this will correct to the down side 1 more time
LULU - major bounce on supportYoga apparel maker uptrend is intact both price-based and relative to the sector
$LULU Lululemon On Alert for Break above 50ma
Potential opportunity to long on a move above the 50ma @ $341, which also
sits in confluence with volume shelf resistance.
A break above and we could get a fast move to $348 with $360 as Fibonacci resistance .
LULU - Bull Flag
LULU fell close into support @ 284 during its September sell off and started to rebound. It has since formed a higher low and now a higher high. With RSI now back >50, it is likely the uptrend will continue. Currently it is forming a bull flag and a break up of this flag is likely in the near future.
Long with an initial stop @ 321 (below the recent gap @ 323.60). Scale out partially at the next Fib level @ 357 and hope to ride the rest with trailing stop.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
LULU very bullishIf it don't break the triangle in this bear trend, we expect a high bull trend for it to reach back most high level in few weeks
LULU Gap to FillLULU found support in this buyer's zone, now finally seeing the bullish MACD cross below zero to retest 330.50. if it can hold 330.5 w/ volume we can see a gap fill to 348-349 range
LULU LevelsNASDAQ:LULU is approaching June Levels. The next major level on the downside would be the gap 249-251. The sellers have had complete control of the shares the past 3 weeks. The 3 lines are the 50 100 and 200 SMA's respectively, LULU had no problem breaking the most active level shown of 317.02 and quickly broke below the 100 SMA. The 200 SMA acts as support. Furthermore LULU has Recently moved into Oversold levels on RSI and has began to show upside on CCI. The future of this stock likely depends on good sales reports, retail seeing action, and a hold of 287.66 next week.
