My trading view family has truly help me taking my stock charting to the next level, too many countless members to name. Shout Out to the Gold Room, some of the best traders on the planet imo .
I specialize in trading, and searching for spikes through various time frames i.e "High Scalp probability" lately I've been targeting Descending Triangles and the breakout pattern..
Please notes on the chart. I constructed multiple times to keep me in the trade, and focus on the last confirmed sell signals and charted the first triangle and built others around it.
$vrx $26.36 has been a solid accumulation area, I wanted a close above $26.46 to keep us in the green lime triangle, my initial target this week was $31.50-$30.
I confirmed my logic/thinking after the chart was finished w/ a very reliable resource . I was already in the trade anyway, and the Green confirm a minimum retest of $27.99 by Thursday from my re-entry of $26.59 Monday.
my confirmed source state the following High Tute ownership/low shakeout leads to mark up. option flow was selling puts, I don't have access to level IV just yet. so if you have it confirm it.
long 1.618 ext on low . Re-accumlation w/ SOW now LPSY then BTI=
I did notice a very stealthy 5min candle
***key note*** I didn't forecast the 1st confirm sell signal of $27.99 since my initial target was $31.50-$30 by Friday anyways.
I'm posting this trade for record keeping purposes and educational purposes...trade at your own risk i'm not reliable for another person trading success. wish me good luck as this is my second week of trading $VRX