I think out of all the charts I've posted, this is easily top 3 favorite. Sunday's I'll go through scanner settings & tweak stuff & come up w/ ideas to try & find at least 1 if not 2-3 charts I can see a good trade in. If I don't, but I can find a good future trade - I'll make a note of an expected date. Most of them are solid, some not special enough to post - but would definitely recommend keeping it on watch next few weeks. BeCauussSeeeE, I have a firm belief that aside from fibonacci levels, pivot points, all this & that - price, ALWAYS, reacts the same as it once has in a previous type of phase (long bull run, impulse moves, earnings beats/disappointments, & especially the same before a meltdown). Had I not spent the entire day going over backtests of scans & looking over charts & going through similarities / differences, I wouldn't have thought twice. But to give a better back story - finding tops or bottoms; that's what I tend to always scan for & perfect in different scenarios. I wouldn't (try &) call the top of a bull run, or call the bottom of a bear market - but depending on the phase - it's buying a legitimate 'dip' or selling a legitimate 'impulse' move. Before this novel gets too long, green line is best guesstimate of a A+ long entry, yellow line should be @ modestly before a top, red line should be start of a breakdown. I was just as skeptical of trying to forecast, so when I marked those lines I think I needed to use a comparison 'phase' to justify what I meant when about historical price movements being something to always take into consideration. Red bar pattern is not only same pattern in same correlation to the moving average strategy I use, but (about) same timing of for each part of the 'phase' to come together. I'm trying to hold it in as I type this but yo I'm either on point or just wrong but I'll let the market decide lmfao. You can peep back on the chart to November 2017 because I highlighted the price action from the comparison as a lil guide to where my forecast is (potentially) boutta go.
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Target price announced @ $94. Dope
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Moment of TRUTH
Trade closed: stop reached:
1,000% a heart breaker. Didn't expect to be THAT wrong - so the only conclusion I can come up with it that this is a razor blade that hasn't even turned into a knife yet.