NINE
This one has been a beauty so far.
If you entered with me, you’re up about 105% if you bought straight up. The option showed us way more love 😉.
NINE is starting to intensify and will start to move a lot faster. I will zero in with the 15min time frame.
15min Chart analysis
Once price broke above major Resistance @ 4.00 area, price entered an uptrend making a series of higher highs & higher lows.
While on its uptrend, price created an up-price channel respecting the 200ema.
When combining the 50 + 200ema, anytime price fell between the 50 & 200ema while in price channel, it presented an opportunity to enter trade “Long”.
The uptrend took price up the price channel from 4.00 to 7.30.
Once price reached 7.30 it proceeded to break up and out of the price channel. Price looks to continue uptrend.
After the breaking out of price channel, price found resistance at 8.20. Price continued to make higher lows into 8.20 resistance forming an Ascending Triangle.
Price has since broken out from the ascending triangle. It has pulled back to resistance of 8.20 looking to turn it into support. This is my cue to enter trade short.
The 1st leg of the uptrend was completed, and price consolidated in form of an Ascending Triangle.
Bullish continuation patterns in uptrends = high probability trades.
If price stays above 8.20 it will continue uptrend and we should see the up move intensify
Entering trade long
Entry: 8.21
Stoploss : 7.21
Target #1: 11.00, +33.98%, 3.1 RR ratio
Target #2: trail 50ema
This one has been a beauty so far.
If you entered with me, you’re up about 105% if you bought straight up. The option showed us way more love 😉.
NINE is starting to intensify and will start to move a lot faster. I will zero in with the 15min time frame.
15min Chart analysis
Once price broke above major Resistance @ 4.00 area, price entered an uptrend making a series of higher highs & higher lows.
While on its uptrend, price created an up-price channel respecting the 200ema.
When combining the 50 + 200ema, anytime price fell between the 50 & 200ema while in price channel, it presented an opportunity to enter trade “Long”.
The uptrend took price up the price channel from 4.00 to 7.30.
Once price reached 7.30 it proceeded to break up and out of the price channel. Price looks to continue uptrend.
After the breaking out of price channel, price found resistance at 8.20. Price continued to make higher lows into 8.20 resistance forming an Ascending Triangle.
Price has since broken out from the ascending triangle. It has pulled back to resistance of 8.20 looking to turn it into support. This is my cue to enter trade short.
The 1st leg of the uptrend was completed, and price consolidated in form of an Ascending Triangle.
Bullish continuation patterns in uptrends = high probability trades.
If price stays above 8.20 it will continue uptrend and we should see the up move intensify
Entering trade long
Entry: 8.21
Stoploss : 7.21
Target #1: 11.00, +33.98%, 3.1 RR ratio
Target #2: trail 50ema
Trade active:
Update + adding to existing position
Trade closed: target reached:
Target #1: 11.00, +33.98%, 3.1 RR ratio
Trade closed: target reached:
Target #2: trail 50ema. 9.55, +16.27%