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Trendlinetrading

Trendline TradeWe have new trendline bounce which means we can continue back up to the monthly SR level at 0.91362 to see if we can pass it. The other possibility is this is just a pullback move for the short and we will continue further south to the 0.89873 zone after a break and retest of the trendline. BULL TPS: • 0.90697 • 0.90955 • 0.91256 New Tps will be posted when it breaks and retests SR zone. BEAR TPS: • 0.89956 • 0.89801 • 0.89477 New Tps will be posted when it breaks and restest area of 0.89372
by NikaJourney
WHY PLANET FITNESS IS THE #1 STOCK TO BUY ON PULLBACKS Start for $1 - Monthly membership is $10 - $20 mo. go to any location Free T-shirts, bagels, pizza Clean beautiful gyms Equipment well maintained - Employees always nice with a no judgement zone They have dialed in this gym experience Weekly chart shows they have dialed it in for years Most of weekly volume spikes are on bullish weeks People are interested in this chart - volume is going up - volatility is going up There is a continuous increase in the trend line angle Anytime your trend line does a dramatic increase like this is called a bump and run. The bump and run trend line is usually considered bearish but there are strong bullish signs still Drilling down to 1D chart , notice hugh gap down on May 3rd Gap down on positive earnings news Drove down to 15m chart to find where volume spike came from First few 15m candles drove price back up so gap spike from 1D came from positive moves Most of the traders want this pair long When most traders want price to go long you are probably in for a pullback Price has been pushing up for some time so expecting some consolidation Watch for an ascending triangle to develop Sell when you see pullback on reduced volume and volatility Buy at trend line bounce If pullback did not come with reduced volume/volatility then enter with smaller size. Use ATR to determine SL (1.5xATR)and TP (1xATR). When in profit take some off and move SL to break even.
NYSE:PLNT
by Tradingstrategyguides