Hello everybody thank you for watching my video on this cup and handle setup the price had broken out over the resistance line on the 17th of June and started to retrace all the way up until today so we should see some respect of the support line for a possible entry. if that does not hold tomorrow and it goes lower I will cancel the trade idea and look elsewhere...
Google is setting up a nice base and looks ready to for its second attempt at a breakout. Notice a few days ago it attempted to breakout of the same base we are buying at but it was rejected. You can wait for the price to break that high $182.25 instead of $180.25 if you want it to be an all time high breakout. Buy to open at = $180.25 1st Profit Target =...
I'm a few days early on watching this setup for a potential "up or down" breakout but I will be keeping an eye it to see how it plays out. I am looking for a Bullish breakout at the top wedge line. Buying as soon as it goes above the top wedge line. 1st Profit Target = $428.50 Buy to open = $415, depending on where the top wedge lines price is at the breakout...
DY coming in strong on Fridays close! Good buying opportunity and signal for next week.
A little volatility in the markets and some head fakes on financial sector breakouts. Let me know what you think of my trading journal videos.
TSLA has been building up a strong base and has begun to tentatively breakout. Buy to open at:191 Profit Target 1:209 Stop Loss: 177
OXY broke out yesterday from a down trend line with volume to confirm strong buyer interest. I'm wanting to see a price pullback before I make my long entry. Buy to open = Around $60 1st profit target = $62.50 Stop Loss = $59.50
The Stock CHEF is in a tight range and creeping up nicely on the base. Volume increasing over the last 3 days. I have a buy to open order waiting at $39.85 and a $43 ENTRY = $39.85 STOP LOSS = $38.50 1ST PROFIT = $42.93
Home Depot setting up for a top bullish breakout. You might call it as a cup and handle as well. 1st Profit Target: 365 Stop Loss: 335 Never forget to manage your risk and ensure the broader market has your back.
JPM has a downward channel and I plan to buy the breakout. If the price becomes greater than 198, I will play for a large breakout move on the channel. If this bounces down tomorrow, then I will have to move the entry price lower or invalidate this setup. Buy to open = $198 1st Profit Target = $205 Stop Loss = $194
The chart shows a classic "Cup and Handle" pattern forming on Natural Gas prices, suggesting a potential upside move upon breakout. The pattern consists of a "U"-shaped cup, indicating consolidation and recovery, followed by a handle representing short-term consolidation. The resistance line at the cup's peak marks the breakout point, signaling a bullish...
Monitor URA for a breakdown below the lower boundary of its ascending trend channel. If the price breaks out of the trend channel downward, look for a subsequent bounce back to the $30 price range to test the resistance level. Upon confirmation of resistance at $30, consider entering a short trade using put options to capitalize on the expected downward movement....