Weekly Downtrend Channel Breakout + Retest

Entry 16
Stop 10
Target1 25
Target2 40

New Drawing Tool In TradingView: Volume Profile
It shows the volume at certain price.
The red Line shows the price with the biggest Volume in the selected time range.
The red line will be used as Support or resistance in the future.

I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Trade active: Option trade:
buy 2021 Apr C17 Limit 1.71;
Stop 10
Trade active: Sell C25/30 X2, limit 0.67x2=1.34
Cost 0.4, hold butterfly C17/25x2/30 and C30


how long do u think its going to take to reach 40?
@pranjaldxb, Actually, I don't know. maybe 5 - 12 months. my trading target is 25, next Apr.
Interesting -- I've been learning for a year now... no strong trades yet. But wondering... Daily & 4H shows resistance at $16.90 - could consider it a supply zone? And your Weekly shows resistance/support right at $16.90. So it would seem to wait until break of $16.90 before entering long? Your thoughts?
PlanTradePlanMM columbiaaveart
@columbiaaveart, in this month, HAL 13.2 and 15 both worded as resistance, and both provided 4 days down range. All of them had been passed by Gap. In trending breakout trade, I don't care the small resistance/support. I verified the big resistance/support only. You may check my VLO trading plan 11/05, The next day Gap up and run $10. You could see how many small resistance had been passed just in one day. thanks.
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