WDS Long Investment Conservative Trend Trade
Updated
Conservative Trend Trade 8F
+ long impulse
+ support level
+ significant bar level
- below 1/2 correction
+ volumed 2Sp+
+ weak test
+ first bullish bar closing entry
Calculated affordable virtual stop loss
Take profit:
20% at 1 to 2 R/R on Daily
20% at Daily resistance level T1
20% at 1/2 of Monthly
20% at Monthly resistance level CREEK
20% at Monthly thick level resistance T2
Monthly Context
+ long balance
+ support level
+ 1/2 correction
+ biggest volume Spring
- volumed test in progress"
+ long impulse
+ support level
+ significant bar level
- below 1/2 correction
+ volumed 2Sp+
+ weak test
+ first bullish bar closing entry
Calculated affordable virtual stop loss
Take profit:
20% at 1 to 2 R/R on Daily
20% at Daily resistance level T1
20% at 1/2 of Monthly
20% at Monthly resistance level CREEK
20% at Monthly thick level resistance T2
Monthly Context
+ long balance
+ support level
+ 1/2 correction
+ biggest volume Spring
- volumed test in progress"
Trade active
WDS doesn't go my direction, bearish on hourly, hit my virtual stop loss, so I moved take profit to break even at $19.78.I still think it's in accumulation campaign on monthly die to the volume that cam in recently, but I want to part with this stock at least for now.
It's below 1/2 correction on daily, hourly is bearish and volume distribution on hourly is not in my favoe.
Trade closed manually
I'm out for break even.I still think it's an interesting stock and smart money accumulate on monthly.
Bigger volume on the test concerns me a lot on monthly.
Will be waiting for the price to interact with monthly support and will look out for re-entry.
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