FLOOR & DECOR $FND - Mar. 3rd, 2024
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!
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:
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.
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.
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/zEq4TgJFKe
discord.gg/zEq4TgJFKe
