Trading Fam,
I've received two more clear buy signals from my indicator recently. Here on SHAK we were given our signal about a week ago. I didn't wait for to break that descending trendline on this one, so it may be a tad bit more risky than had I waited for that breakout. However, I have full confidence in my indicator as it has a knack of predicting breakouts before they occur. I don't doubt this will be the same.
Here is what I am looking at:
1) Buy signal given by my indicator and confirmed with good volume.
2) We are about to break to the upside of that descending trendline. Once we do, we should be able to climb up to that red 200 SMA (my target) for a touch.
3) There will be some resistance before we get to my healthy 25% profit target: the descending TL, the 50 SMA, and the VRVP PoC.
This trade comes in at a 1:2 rrr with a target of $102+ and a SL of 71.75.
✌️Stew
I've received two more clear buy signals from my indicator recently. Here on SHAK we were given our signal about a week ago. I didn't wait for to break that descending trendline on this one, so it may be a tad bit more risky than had I waited for that breakout. However, I have full confidence in my indicator as it has a knack of predicting breakouts before they occur. I don't doubt this will be the same.
Here is what I am looking at:
1) Buy signal given by my indicator and confirmed with good volume.
2) We are about to break to the upside of that descending trendline. Once we do, we should be able to climb up to that red 200 SMA (my target) for a touch.
3) There will be some resistance before we get to my healthy 25% profit target: the descending TL, the 50 SMA, and the VRVP PoC.
This trade comes in at a 1:2 rrr with a target of $102+ and a SL of 71.75.
✌️Stew
Note
Took 18% profit and raised stops to $86. All in the profit now. Congrats!Trade closed manually
I am choosing to close out this position early due to indications of a stock market pullback very soon. Congrats to all those who followed me in this trade.
Stewdamus Trades -
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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stewdam.us
Related publications
Disclaimer
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.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Related publications
Disclaimer
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.