This was a leader from covid rally to its peak on Dec 31st 2021 .
Originally the recent inverse head and shoulders caught my eye but there is a lot more bullish technical activity happening when you take a moment to assess all the breakouts happening here in a such a small chart space .
My minimum entry requirements are met here ( qqq/spy above 10 and 21 emas and LSI is above its 50 sma now) . I also have the allowance for 2 more positions at 0.5% Risk each which would push me up to 4 % account risk, which is my limit. Will be watching on Monday to see how we open . Probably best to "chill" and let a few of my new positions try to hit their 2R de-risk point though. Hmm decisions decisions ....
In any case , nice looking chart , potential wise . Also , note the potentially bullish volume anomaly from Fridays price candle vs volume bar .
Originally the recent inverse head and shoulders caught my eye but there is a lot more bullish technical activity happening when you take a moment to assess all the breakouts happening here in a such a small chart space .
My minimum entry requirements are met here ( qqq/spy above 10 and 21 emas and LSI is above its 50 sma now) . I also have the allowance for 2 more positions at 0.5% Risk each which would push me up to 4 % account risk, which is my limit. Will be watching on Monday to see how we open . Probably best to "chill" and let a few of my new positions try to hit their 2R de-risk point though. Hmm decisions decisions ....
In any case , nice looking chart , potential wise . Also , note the potentially bullish volume anomaly from Fridays price candle vs volume bar .
艾力克~