SPOT from $385 to $359MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
TTM Squeeze is off
TTM Squeeze momentum is high
VBSM is turning positive negative
Impulse MACD is flat crossing over to the upside downside
Price at near Fibonacci level
In at $385.43 (will add to position at $396 if reached)
Target is $359 or channel bottom