STWD: Potential time at mode uptrend

Tim West discussed this chart in the Key Hidden Levels chatroom today.
I'm expanding the analysis here, presenting a potential 'Time at mode' uptrend signal after today's bullish action.

The trade implies going long tomorrow, if we open and close above the 18.52 mark, without retesting it, with a stop loss underneath this level (we can use ATR as well, or try multiple entries with different stop loss locations depending on our risk appetite).

Look to enter longs tomorrow, if we get confirmation. For the time being, keep this in your watch list, and make sure to subscribe to Tim's 'Key Hidden Levels' indicator pack, and join the chatroom for more ideas like this.


Ivan Labrie.
Apr 06
Comment: https://s3.amazonaws.com/tradingview/sna... (Tim's chart highlighting the dividend price action and the rgmov uptrend)
Apr 07
Comment: Down for the day, but holding at the mode. If we have some upward movement soon, we might have a nice long here, outperforming the market!
Apr 07
Comment: Inside day, ok. We might form a weekly mode before earnings.
Apr 08
Trade active: I'm long from 18.54, uptrend confirmed now.
Apr 11
Comment: Today's bar is looking quite good, constructive for longs.
Apr 13
Trade active: Reentered longs when the day turned up today, had closed near yesterday's high.
Apr 19
Comment: Excellent!
Monitor for an exit in 4 bars.
Apr 21
Trade closed manually
Jun 01
Comment: Target hit now.
+1 Reply
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