A closer look at Brandt's Trump Slump

This isn't the usual market propaganda post but rather an objective chart showing opps on either side of the fence (mostly to annoy one or two shady characters out there by the fact that I do actually know how to trade; you know who you are)

Put simply the long scalp entries have been pretty clear cut here for one who has the patience to buy under red and sell above grey as any day trader worth his weight out to spot immediately; what could turn out to be more interesting is the break either side of what I'd expect to turn into a broadening wedge and one whose fierce halfway line resistance may lead to a break _down_ rather than up

So... CAREFUL RETAILERS DON'T LONG HERE OR BLOW OUT URE ACCOUNT LOL

Comment:

Shame TV is so buggy

Comment:

As expected the fun looks ready to start this week with a monster candle denying the breakdown of higher timeframe support; having longed the bottom wedge support again there's a much _better_ chance of the halfway line being broken should volume continue (valid till if / when higher timeframe support falls again)

Comment:

Additionally keep an eye on the curve as it's especially difficult to get the goal posts just right with those first time and the break becomes clear when it happens; keep an eye on the RSI as that will travel north and remain there should she bottom here

Comment:

Bingo; if you kept your stop looser than mine and don't have to settle for second prize this is arguably the ideal place to take the profit and run up at the green line where she hasn't been since the end of April but there's probably still a 50/50 chance of a touch on the wedge line and things could get even more interesting from there

Comment:

o.o

Comment:

#targetacquired