Now that June has printed, I am looking ahead for my gameplan on July.
Still inside of the 4 hour Bear Flag, I am still bullish on price up until the yellow supply zone box. I am expecting a third hit to the top of the bear flag channel's top.
The Green box is massive support and I am expecting the last two pivot highs to be taken out on the march higher.
IF, my thesis is correct on this long term bull flag monthly pullback, then when price reaches the yellow box, it should continue with the selling, breaking the bear flag and dropping another 3,000 points. That should occur August roughly.
I will do my best to buy pullbacks on the way back up.
My Day Trading stats in June:
17 trades
9 losers
8 winners
47% win rate
Avg win: 274.00
Avg loss: -142.00
Total Gain: 6% +912.50
My goal in July:
45% win rate
8% total gain
Still inside of the 4 hour Bear Flag, I am still bullish on price up until the yellow supply zone box. I am expecting a third hit to the top of the bear flag channel's top.
The Green box is massive support and I am expecting the last two pivot highs to be taken out on the march higher.
IF, my thesis is correct on this long term bull flag monthly pullback, then when price reaches the yellow box, it should continue with the selling, breaking the bear flag and dropping another 3,000 points. That should occur August roughly.
I will do my best to buy pullbacks on the way back up.
My Day Trading stats in June:
17 trades
9 losers
8 winners
47% win rate
Avg win: 274.00
Avg loss: -142.00
Total Gain: 6% +912.50
My goal in July:
45% win rate
8% total gain
Note
Note
Scenario B: Inside a falling wedge pullback
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.