PCAR alternate scenario

hungry_hippo Updated   
I had this plotted as a H&S pattern but it looks more like an ascending wedge . If it breaks out I might day trade it.

Not holding it for the Fed meeting though, not sure which way Powell goes.
Trade active:
Bought a few hundred shares, figure I made money off of earnings, not a big deal if I give some of it back.

Obviously hoping my chart is right and we get a double top
Guess I trapped myself into watching a sideways market today, lol,. Will add EOD if PCAR finishes green.

Thinking gap up tomorrow, the market is stupid, looks like they're pumping the Fed meeting
My 5 min chart shows that's a breakout with a target of a double top.

Could still backtest the formation though, and the Fed can ruin everything, lol.
Trade closed manually:
Added a bunch for the gap fill play. Remember this stock fills all down gaps.

Anyways, got the gap fill, threw a grand into my 401k, calling it good since there's a Fed meeting later today.
In case any of my followers bought in yesterday or this morning, there is a Fed meeting later this afternoon and ES1! (SPX futures) is overbought on my 3 hr chart (posted this morning). 2 cues to close out.
PCAR now green as the idiots that shorted this morning get squeeze out already in a failed trade.

That BS $100 price target was so they can bail out of their short position, that kinda crap should be illegal.

Staying out because I don;t like the Fed meeting whipsaws
Order cancelled:
Either one of my 2 PCAR scenarios can play out depending on what the Fed does and says at 2pm. I exited this morning.
Trade closed: target reached:
I exited the trade because I didn;t know what Powell was gonna do, but it did hit my target. It was a good plot, just not enough balls on my part, lol

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.