CARVANA
CVNA
- Feb. 15th, 2024
BUY/LONG ZONE (GREEN): $48.00 - $60.00
DO NOT TRADE/DNT ZONE (WHITE): $40.00 - $48.00
SELL/SHORT ZONE (RED): $25.25 - $40.00
By request. My main focus would be on the range between $40.00 - $48.00, this area has determined the trend five times, which are seen each time price touches and breaks or touches and rejects. Currently I'm looking at a bull trend that was set after a breakout of the range in the $40-$48 zone. Any data before June 2023 I was not considering. If I had to look for an upside target, assuming the trend stays bullish long term once price reaches $60, the next logical point would be $103. Due to the lack of data and because price is trading away from the start of my bullish zone, I personally would not look to enter until there is a reaction to the $60 area or a pullback to the $48/$49 zone.
CVNA
- Feb. 15th, 2024 BUY/LONG ZONE (GREEN): $48.00 - $60.00
DO NOT TRADE/DNT ZONE (WHITE): $40.00 - $48.00
SELL/SHORT ZONE (RED): $25.25 - $40.00
By request. My main focus would be on the range between $40.00 - $48.00, this area has determined the trend five times, which are seen each time price touches and breaks or touches and rejects. Currently I'm looking at a bull trend that was set after a breakout of the range in the $40-$48 zone. Any data before June 2023 I was not considering. If I had to look for an upside target, assuming the trend stays bullish long term once price reaches $60, the next logical point would be $103. Due to the lack of data and because price is trading away from the start of my bullish zone, I personally would not look to enter until there is a reaction to the $60 area or a pullback to the $48/$49 zone.
Trade closed: target reached:
CVNA
had a major rally and broke above the 60.00 level at the top of the bullish zone the very next day of posting this.
CVNA
had a major rally and broke above the 60.00 level at the top of the bullish zone the very next day of posting this.
Comment:
NEW IDEA:
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/zEq4TgJFKe
discord.gg/zEq4TgJFKe
