BreakOutArtist

Preemptive Break Out Trading Plan for $DTV> Execute Step 2

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Hi all,

This is an update to the Preemptive Break Out Idea posted earlier this month

1) Price has traded to as low as $82.48 and has now rebounded to $86.90s now. Price did not trigger the $82 Stop Loss, therefore Scenario C is now Ruled out. Also it is a sign of a bear trap where support is broken slightly and reversed strongly on the bullish side. Step 1 to enter long above $84 should have been executed by now.