CFLT Daily Double BOTTOM with BULLISH BAT STRONG PRZ Earlier this same Pattern given good reaction on Type1 entry i.e REACTION & Hit TARGETS
now price is again in PRZ Zone of Pattern Therefore it becomes a TYPE2 Entry which is REVERSAL
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
CFLT trade ideas
$CFLT Inside Day Looks Bullish for the Watch ListAs you can see on my chart $CFLT has broken out of the short term downtrend line. It had a bit of a retest today, but so did the indices. This pullback might be a great entry opportunity. I'll be keeping a close eye on this one as the RS Line is also pointing higher (with a trail off today). I'll be looking for an entry in the next few days. Maybe tomorrow if all looks good. Ideas, not investing / trading advice.
As usual, feedback and comments are welcome.
$CFLT Cheat Shelf Setup$CFLT broke out of its 1st week IPO high $58 in September & pullback w/ successful test of that level early this month.
Its building a nice cheat shelf. If you buy the BO on Monday, you are forced to use a Max 8% stop below Friday's low.
Ideally, I want to see inside day Monday to gives us a way to anchor around a lower stop less risk entry of 6% or less.
$CFLT is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
Confluent designs data infrastructure to connect all the applications, systems, and data layers of a company around a real-time central nervous system.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $45.63;
stop-loss — $42.18;
take-profit — $55.98/MOC price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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