EQT Corporation — Daily
Long trade idea. Volatility isn’t huge, but price has respected the channel well, which makes it more suitable for a longer-term swing trading horizon.
Price is moving in a slightly bullish channel, making higher highs and higher lows.
In the past, volume spikes were followed by decent upside moves, so participation looks constructive.
ATR has cooled off but is still holding above the level where momentum picked up before.
Price could easily pull back a bit more, but if the structure holds, that wouldn’t be a bad thing.
The marked area is on my radar for potentially adding on the way down — for those with a strong stomach, it could offer a great risk/reward if the trade plays out.
That said, trading is what it is — sometimes totally hectic. None of this guarantees anything, it’s just a structured idea based on how price has behaved so far.
Long trade idea. Volatility isn’t huge, but price has respected the channel well, which makes it more suitable for a longer-term swing trading horizon.
Price is moving in a slightly bullish channel, making higher highs and higher lows.
In the past, volume spikes were followed by decent upside moves, so participation looks constructive.
ATR has cooled off but is still holding above the level where momentum picked up before.
Price could easily pull back a bit more, but if the structure holds, that wouldn’t be a bad thing.
The marked area is on my radar for potentially adding on the way down — for those with a strong stomach, it could offer a great risk/reward if the trade plays out.
That said, trading is what it is — sometimes totally hectic. None of this guarantees anything, it’s just a structured idea based on how price has behaved so far.
Trade active
Retracement came as expected, structure held, and price is pushing higher again. Trend intact. If you're in, this may be the moment to transition into the management phase — adjust risk around structure and consider adds only on clean, controlled pullbacks.Trade closed: target reached
Since my last update, price pulled back as expected, offering additional entry opportunities on the way down. The structure held well and price eventually reached the target 🙂. Overall it turned out to be a great trade, with price behaving very nicely this time. Of course, it won’t always play out this cleanly — trading is probabilistic by nature. Sometimes it works, sometimes it doesn’t, but this time the structure respected the idea very well. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.