Trading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based...
Last post: June 9th. See chart .
Review: Price was trading above the resistance level.
Update: Price is continuing to make higher highs.
Conclusion: As price is looking strong we can look for a long opportunity following a break of the previous daily high.
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This stock is featuring for the first time on our TradingView blogs.
Current setup: Price is making new all-time highs and above the 50 and 200 simple moving averages.
Conclusion: We need to wait for a break of a previous high on the daily timeframe before taking a long trade.
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