PCAR alternate scenario

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

Comment:

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

Comment:

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.

Comment:

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.

Comment:

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