Looks like it may breakout again. High of today's inside bar is my entry.
Just another one that sticks out. Again earnings is soon
A lot of the tickers I'm watching have earnings soon. Guess it's just that season. Volume has been declining. Looking for some volume to come in. RS isn't great but towards a 2 week high.
What I'm seeing: it broke out as expected. Looking for some sustained higher volume. Looking for the RS to turn up. It has been running flat for while. I am new to trading VCP patterns. Just trying to document as I learn. Would appreciate feedback from those that are experienced trading Mark Minervini VCP.
Loving the new volume profile tool. Here is a Swing trade idea for FSTR. Need to see it go green on the week and break the current week's high.
TSLA broke $500. Trade I took on the 5 min 2-2 reversal. These 4 hr trend line are working well for me.
Have been experimenting with trend lines off of prior day's 4 hours highs/lows. They have made me more patient and slow to enter. Feels good to get a win on SNAP. It's crushed me in the past.
5 min, 3-1-2. Should have held on longer. Got a little FOMO and cut early
TRUMP green on the month. Becomes a 3, outside month at at 43.3%. On the weekly 3-2
2-2 reversal on the 30 min. AMD has been showing some weakness. Going to be watching it tomorrow for some more drop. Congrats to all the SNAP, PINS, TWTR holders. Sorry to all crafty ETSY people.
Originally was thinking short once it broke yesterday’s low, got stopped out. 3-1, Chicago on the hourly. Top green line is weekly open. Crossing that means full timeframe continuity to the upside.
The 1-2 on the 15 min triggers the 2-2 on the hourly. The Strat kills it again.
So machine gun pivot is when the price goes back through previous range and stops are blown through. An example of this is DKNG. Big move up, then falls are through the previous range. Watching for SNAP to do this.
Looks like a 2-2 reversal on the daily. Looking for the move up to the top of the megaphone next week