DJT a winner in life. A winner in the market? Hello Traders,
Quite obvious large wedge pattern emerging here, with price action sitting on a solid support. If it breaks support below shown on the chart, we will more likely than not, come down between $10 & $11. This would have course be our best entry point. Could it happen? OF COURSE, this is why we do TA! It is to assure we have a plan for all possibilities and minimize risk along the way!
That being said, where price action is currently, we could very likely start next week with a green candle and continue it through mid week and if so my plan is to start buying some contracts If the week closes green. Possibly a few if we get two green closes M & T. it’s very likely to break out in the next month or two. Maybe within another 1-2 weeks. If we see a solid green candle close next week.
In addition, look at that massive sell volume that couldn’t even break support. My money is on the bounce and then breakout here where we stand! Best of luck and always follow the path of less resistance and have a plan for a diverging outcome! This is law if you want to be consistently profitable!
Stay Profitable,
Savvys
