Here on the 30-minute chart is my idea for the continuation of my VINC idea posted here before
the current breakout. Price is presently in a consolidation ascending regression channel .
The choices for a play are to wait for a break above or below the channel or alternatively
play the price action inside the channel. Since price is currently at the bottom of the channel
I will go long with a stop loss under the channel. Upon reaching the top of the channel I will
close half the position and then watch for a break of resistance or a rejection down and then
trade accordingly. Overall, I believe that this is a high-tight flap pattern and VINC is
accumulating gradually and will move higher when the accumulation saturates as per
Wychoff's theory.
the current breakout. Price is presently in a consolidation ascending regression channel .
The choices for a play are to wait for a break above or below the channel or alternatively
play the price action inside the channel. Since price is currently at the bottom of the channel
I will go long with a stop loss under the channel. Upon reaching the top of the channel I will
close half the position and then watch for a break of resistance or a rejection down and then
trade accordingly. Overall, I believe that this is a high-tight flap pattern and VINC is
accumulating gradually and will move higher when the accumulation saturates as per
Wychoff's theory.
Trade active:
Price moved 3.5+& Trade is now risk free with stop loss raised above break even.
Holding full position.
Holding full position.
Trade active:
Bull power on display to finish out the week. Idea fully validated. Took 25% of the
position off for good risk managment.
position off for good risk managment.
Comment:
Zoomed-in chart
Trade active:
Swing trade in progress some profits taken from this small position- safe trading
zig zag fashion buying lows and selling at Bollinger Band highs. Holding a partial
for more profits. At any sign for topping will close the remaining 75 shares in
good profit already and no risk as stop loss is now a trailing 5% to guard against
a reversal when alerts have not triggered. Alerts set with a set of moving averages
for death crosses on 30 minute time frame.
zig zag fashion buying lows and selling at Bollinger Band highs. Holding a partial
for more profits. At any sign for topping will close the remaining 75 shares in
good profit already and no risk as stop loss is now a trailing 5% to guard against
a reversal when alerts have not triggered. Alerts set with a set of moving averages
for death crosses on 30 minute time frame.
Trade active:
SWing Trading Followup
Comment:
Comment:
25 shares bought and different 25 shares sold while price is stuck in a flat top awaiting a break of resistance or a reversal.
Trade closed: target reached:
Cloing in the premarket at a top- fantastic trade overall. will seek shares to short.
Comment: