VRT pullback from $101 to $87MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at top or near top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
TTM Squeeze is off
TTM Squeeze momentum is above former high
VBSM is above former high
Impulse MACD is above former high
Price at near Fibonacci level of $102
In at $101
Target is $87 or channel bottom