Verizon has surprisingly tanked after the new 5G announcement that came-out, overall, it wasn't too surprising. We're without a doubt in short term bearish sentiment for the stock. However this sentiment appears to be coming after a very decent impulse wave rally (not the traditional pattern, appears to be a Moving Ending Diagonal Impulse with converging...
Long term Uptrend,
Reversal candle at support
Target 61.5; reward:risk=3:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
just as described in my strategy we have 4weeks 10% strikes.
The maths are simple, just have a look at the strategy, and all the iron conodrs I shared in "ideas".
I DON'T BUY THE LONG LEGS THIS TIME, I MAKE A SHORT STRANGLE, BECASE THE ODDS ARE SO GOOD.
Enjoy your wallet!
Took awhile for the stock to push to higher targets after breaking out of that March trend line, but finally happened the last two days. Closed above first target and supported on three 4hr candles. Get the feeling we test ATH’s in the coming future. Red and orange lines are next targets and from there it’s got room to go if it blows through. Good luck if you play!!