Condition: 1. False breakout stopped most of the positions bought in the demand zone. 1.1 After big down move 1.2 consolidation in Demand 1.3 Break through the Demand 1.4 One bar down, next bar up, back to the demand zone. 1.5 Higher than previous high 2. Breakaway Gap (G1), down trend line break. Earning Date: 7/30/2020. It will not affect...
Important Note: USO long term target is "0". It is only good for short term trading. If it sounds strange, please google the reason. Existing Condition: 1. Double bottom pattern 2. Breakaway Gap(G1), trend line break. Stock Entry between: open and under 2.80 Stop: 2.2 (down to new low) Target1: 4.2; risk/reward=1:2 Target2: 5; risk/reward=1:3 Prediction:...
Condition: 1. Downtrend line was broken by breakaway Gap (G1). Start a new trend. 2. 10/20/2017 Weekly demand zone confirmed 3. G2: runaway Gap shows 40-50% of the trend. 4. Fib 0.618 retracement, 5. trend line break by breakaway Gap (G3). Entry at Gap up open 47 Stop: 45 Target1: 55; risk/reward=1:4 Target2: 61; risk/reward=1:7 Target3: 77. This supply zone...
Existing Condition: 1. in 60 min, down trendline break by breakaway Gap (G1) 2. Formed V reversal pattern Entry at demand zone: 33 Stop below this zone: 30 Target1: 38; risk/reward=1:1.5 Target2: 46, risk/reward=1:4 This is a trading school homework. I need 6 months to practice trading plan. If you like it, thank you for your support. Please use SIM/Demo...
ABBV to Long, from 67 to 81 Existing Condition: 1. 08/16/2019 Weekly demand zone confirmed 2. in 60 min, down trendline break by breakaway Gap (G1) 3. Re-test the Gap, Gap filled. Entry below 67 Stop: 62.5 Target1: 81; Risk:reward=1:3 Target2: 88; Risk:reward=1:4 If G2 (runway Gap up) breaks the 2nd down trend line. That is a measuring (40-50%) of the...
Existing Condition: demand Zone had been confirmed. G1: breakaway Gap broke previous downtrend. Pending Condition: Re-test breakaway Gap, After Gap fill, it should not go lower. Confirmation entry: If it goes lower after the Gap fill, do not buy. Buy Above 34.5 and below 34.85 Stop: 34 Target: 37.5 Risk/reward=1:3 Advanced Option Plan: YANG (Direxion...
DFS had a tightly compacted consolidation, indicative of large-lot pre-swing activity. The stock gapped over the previous high’s resistance easily. It is now in a resting mode again. The stock now has support from the previous highs.
Last thursday AFP reported earnings for Q4 2016. The market took it well and the chart shows a breakaway gap on high volume (not visible in chart as this is volume data from ChiX, not Euronext where most trading takes place). The breakaway followed a higher bottom at 4.80, which is also a bullish sign. I entered a long position after open on friday with a stop at...
CAKE could continue higher but again all is based on the markets in general..if they continue higher then this stock has the room to move with expansion of their restaurants etc...the stop is at the bottom of gap.