broke horizontal support Setup: NASDAQ:AMGN 1D chart enter with limit order when price pulls back - EP @ low of range SL above last pullback TP @ previous lows of Oct/Dec '21 R/R 3.7 ⚠️ watch out for potential supports @ previous levels of resistance or support (marked with orange flags) > 1:1 when hitting first support, 2:1 when hitting second, so trade...
broke horizontal support Setup: NASDAQ:PRTS 1D chart SL placed above last pullback enter with limit order @ low of range level TP @ level of previous resistance turned support from 2019/20
Technical: ✅ reached and respected horizontal support ✅ consistent pattern since Feb. 22 ⛔️ CTL not broken yet - could wait for break before entering ✅ Earnings (higher volatility) in about a month - previous bounces reached upper resistance in under 30 days, so should be out of the trade before Earnings announcement on Oct. 27 Market factors: ⛔️✅ Car Retailer...
Trend: Uptrend since May 2022, confirmed UT with break of previous high in June. Nice pattern with higher highs and higher lows. Currently 3rd bounce on the trend line. Also, previous downtrend line has now been used as support. Setup: Calculation with candle touching trend line on Sep. 16 Fluff 1% Take Profit determined with angle of previous bounces and...