Deere is in an ascending wedge pattern. currently priced on support trend line. long bottom wick on the weekly candle for last week showing buyers and confirmation of support trend line. Trade to 1 point below supply line at 435 with stop loss at 1 point below weekly candle wick from last week.
Trade closed: stop reached
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Got stopped out! huge gap down and price action has confirmed that my hypnosis was incorrect! I still liked the trade, but there could have been more financial analysis done on my part to help predict earnings results maybe.
DE is currently trading at .618 FIB ratio. looking to see if this level offers support for more upward movement. Will add positions based on price action
dmfelmlee
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I'd like to start scaling in-out of trades at certain levels. for instance 400 on DE was a past S/R level and has had big price movements from each direction from that level. I could have set a limit to sell a partial position, then set a buy order at my previous support level at 385
Bravetotrade
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Congratulations and well done for sharing your first idea with the community. Hope you will be having great experience. Thanks for your contribution. From mod @Bravetotrade