FLOOR & DECOR $FND - Mar. 3rd, 2024

Updated
FLOOR & DECOR FND - Mar. 3rd, 2024

BUY/LONG ZONE (GREEN): $123.50 - $137.10
DO NOT TRADE/DNT ZONE (WHITE): $119.00 - $123.50
SELL/SHORT ZONE (RED): $107.50 - $119.00

WEEKLY: Bullish
DAILY: Bullish
4H: Bullish

Of the last 16 weeks we have seen 13 of them finish green. Daily and weekly show massive bullish momentum and structure. Chart is a bit messy with all the levels, would pay most attention to structural highs and lows on the Daily/4H timeframes and the buy/sell zones I have drawn. Some of the previous zones are labeled for reference when price begins to pullback. There was a range on the daily timeframe where I did not zone the areas as it would have been too messy to navigate on the charts. I did label areas I looked at when price was peaking out of the zone in both directions. Bulls can enter on new structural highs or a pullback to $107.50, however; the lowest I could see a pullback being would be around $101.80 even though I would consider this highly risky to then enter a long. Bears might be looking for early entries on a low timeframe breakdown below $119.00 at the earliest; safely bears would have to look below $107.50 until new price movement develops.

This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
Trade closed manually
snapshot

FND price broke above, rested on, and today has broken below level 130.15. This is when I would close long trades and look at future movement for new trades.
Chart PatternsflooranddecorflooranddecoranalysisflooranddecorlongflooranddecorshortflooranddecortrendFNDfndanalysisfndlongfndstockSupport and ResistanceTrend Analysis

TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/zEq4TgJFKe
Also on:

Disclaimer