ESRT - 4 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
ESRT trade ideas
Long ESRTBullish trend on ESRT to $8.18, $8.22, $8.33 where each are in a resistance area. This is a bullish continuation of 122 on the daily. It has been bullish for DWMQ based from STRAT. Earnings are on Feb. 15th. Historically, it has risen based on earnings from the past 3 earnings however that is not always the future. My mental stop loss idea is in red at $7.45. Price targets are listed on the side in various colors based upon moving averages and prior support/resistance points.
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ESRT. up trending picture.Looking to involve Elliot waves a little more in my analysis. I like how Elliot waves attempt to incorporate psychology into trading. I'm not sure how many people are having deep reflections while chasing the market, but maybe Elliot wave theory holds more water than I think it does. Open for pleasant surprises and managing expectations.
ESRT. Amazing portrait of uptrend pre wave 5.I think this is a really strong buy. It could definitely go down, and I would be sad, but it wouldn't be the first time.
The uptrend looks so picture perfect to me. I really don't see how the bulls don't run away with this one. It's been a terrific stock to own lately. To me this looks safe to pile in.
I highly encourage you to look at the daily and the weekly candles. It looks like a bull's paradise. I am very high on this. 10 star.
$ESRT can rise in the next daysContextual immersion trading strategy idea.
Empire State Realty Trust is a leading real estate investment trust (REIT), owns, manages, operates, acquires, and repositions office and retail properties in Manhattan and the greater New York metropolitan area.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $7,72;
stop-loss — $6,81.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Thanks for being with me!
ESRT Bullish Divergence in PlayHello,
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What is ESRT?
Empire State Realty Trust Inc (ESRT) Q1 2020 Earnings Call Transcript
Analysts Predict 18% Upside For The Holdings of IWS
My thoughts are displayed here on this chart.
Good Luck
Cheers!