so after november, which was action packed, we should expect trading to be quite tranquil.Trade the range which is showed by the horizontals lines, or wait for a breakdown and short the retest
Looks like my last prognosisn, which was on MES, is coming to fruition. Now let's take a look at VFC. Last time I saw this stock it was in the 50s, from their it has been bear activities. Now, for my trading style, it's a point where I trade it
This to me seem like a possible outcome. price breaks 4264 and full steam ahead. if p breaks 4264 but gets lame i.e no conituation than 4000-4270 till further notice (after winter, G)
this would be the mega squeeze scenario. it would mean to pick up bull stop-loss liquidity and trap shorts on the way up. panic market selling out of their positions
Very interesting pattern forming. October was a test to see if June's lows would hold, and lows did. What im now thinking is a test and break of the mean will send prices to $9+
A good play to go long is if $69 holds. Ideally, we want to see price retest $75-78, which is a good place to build a position. Furthermore, a break from the channel could is also a buy signal. Key is to hold $69 with some wiggle room
