LYV spikes to $140, then pulls back to $120
Updated
MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price above channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is spiked positive
Price near 4.618 Fibonacci level
Calling top around $140
Downside target is $120 or channel bottom
manual stop loss
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price above channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is spiked positive
Price near 4.618 Fibonacci level
Calling top around $140
Downside target is $120 or channel bottom
manual stop loss
Note
$140 tagged. Go down now!Trade closed manually
From top of channel ($140) to bottom of channel ($134). Closing position. SUCCESS!
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