long $VRSK ideacontinuation pattern breakout
bullish staging on higher time frames
blue sky breakout attempt
high probability of follow through
entry $273
stop $261.5
buy 8 shares
max risk $92
sell at fib nodes
+$28 (sell 2 shares at pattern high, set stop break even)
+$96 (sell 3 shares at 1.61 fib)
+$305 (sell 5 shares at 2.61 fib)
no trail
VRSK trade ideas
VRSK - 5 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
VRSK Entry, Volume, Target, Stop, ResistanceWhen price clears: 222.93
With daily volume greater than: 1.14M
Target: 249.50 area
Stop: Depending on your risk tolerance; 214.08 gets you 3/1 Risk/Reward.
Resistance: 231.50 area
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
ABC BullishNegative volume is high on VRSK This is volume of down day. Large players buy on down days and supposedly we buy on up days, positive volume days. I do not buy much on up days, especially as of late, but I think the general public will learn to to buy so much when price is up that day. The market is super volatile as of late. Just maybe chill for a down day, sell on a good day for now. I am not sure it is a long term investor's market right now unless they wait for bottoms.
ABC bullish is a pull back pattern and stop goes under C. Targets are measured using fib levels, .38, .618 and .786 in relation to the AB leg for targets 1. C can not be below A and the target is D.
No recommendation.
There was an earnings miss at last report on 2-22.
No recommendation
Bullish Cypher PatternThis is a 4 legged reversal pattern and idea is to get in at the end of this pattern if you are going long...if you know the pattern well, you can trade every leg by going long then short...
The cypher is recognized by C being higher than A and D being higher than X. The point of completion zone is at D and this level is often retested. Often you will see volatility at the PCZ. D should be close to the 0.786 of XC (Not XA) and B can retrace anywahere from 0.38 to 0.618 of XA..so to find D you could place your fib table to encompass entire pattern and look for the 0.786 (nothing is exact but in the proximity) and be sure it stops there (hard part) (o: You have ruled out several other patterns because C is above A. There are several ways to figure this out and it almost gives you a headache explaining so I will stop now..lol..Note XC is NOT XA (o: I feel like I am back in algebra class for some reason!
B needs to retracebetween 38.2 and 61.8 percent of XA, at least 38.2 percent, but not exceeding 61.8 percent (Wide range and at this point you do not know which pattern this is)
So although the Cypher pattern makes sharp reversals, the trend is still upwards.
Learning harmonic patterns is challenging but worth it in the long run for me. I enjoy it and was always pretty good in math (for a girl)
Possible stop below X, or D, or last pivot low, or where you feel comfy..I see pivots at all the points in this pattern (X,A,B,C) except D according to the pivot tool I am using on here. So keep an eye on it as retests are always possible..
Not a recommendation