Description
⋅ #1 Main Watch List
MASS HTF IBO Long
Monthly - Bullish candle
Weekly - Break out of falling wedge
Daily - MACD divergence/0.382/emas/wave 2 pullback
LTF - 4HR wave 4 pullback/0.50fib/50 ema
- 1HR forming descending triangle
Cons - New stock with very limited HTF PA
- 1HR may have completed wave 5 (depends on your read)
Entry - 1HR close above 50 ema
RR - 3 (1.618 fib extension)
Management - Long term
Perfect setup - one more day of decel further forming the 1HR descending triangle with an entry on Monday Trade active
⋅ Entered live on the 1HR close above the 50 ema. Stop just above 0.75 fib retrace.
Trade closed: stop reached
⋅ Stopped out for a full loss.