The previous entries were not valid, as the price never closed above the trigger.
After the breakout the price moved to the target.
Last support was the ema 50h
No DD
Top Performance of 2.17%
Whats The Plan/Trade/Thought
With the housing market facing headwinds with rising mortgage rates soaring past 7% (The highest since 2002). Housing should expect a cooldown as it is tied directly to the rising Fed interest rates.
Risk Mitigation
While there is an S&R line at 22.3, if price hits 24 it would point to me being wrong on the direction short...
1. Saturn — Uranus angles contain uptrend from 3/13/2020 low.
2. Mars — Uranus aspects (degrees) catch numerous trend changes.
3. Mars — Uranus moving 360° from 3/13/2020 low catches run up to 4/1/2022 high.
4. Mars — Uranus aspects projected into 2023.
Here's my game plan on a current swing trade I'm in on $X. I definitely pulled the trigger a day early on my entry, but we held my stop which was nice. Looking for some continuation until the next levels of resistance are reached to take profit.
So previously we went up from a "Kite Diamond" that I put in blue, later... due to trendlines the pattern is even bigger than before, its potential resets now and we have a massive triangle to potentially mature into and when we pop I gave it new options. Why simply not the original shorter lengths of my rectangular measurements? Well, I added both because as a...
NYSE:X
X has low volatility as a value stock- it has been in a gradual uptrend
with increaing relative volume including spikes the past few days
even during a general market selloff.
I see it as a potential swing long trade now setup for a relatively low
risk trade.\
Good Day - hope everyone is good, and enjoying the opportunities currently being presented by the Market.
Aim of the post above, is to highlight simple principles that can propel Retail Investor chances of success, to the next level.
The next level meaning - mental equilibrium, excellent R/R opportunities and the ability to execute opportunities flawlessly.
In...
X, textbook LSFB short-sale case study from the 2022 bear market. Note that $X's PE was 2 (yes, TWO) as it busted the 20-dma in late April, now its PE is 1. Don't let low PEs fool you - they in fact reflect a severe lack of demand for the company's forward earnings stream.
The daily chart of X (United States Steel Corporation) shows a clear five-wave decline coming to an end. While we might see a small decline still, we recommend going long here as this will be followed by a three-wave correction that could take prices back towards 25/28$.
It appears Steel has reached an area of overhead resistance and at a quick glance one may assume it's ready for a break after temporary sector distortions due to covid and supply issues that plagued many sectors. We also know there are pressures from "cost inflation" as well that plague mines, as well as builders but it seems too early to tell if price will turn...
