TEVA > Buy
> Yesterday, the price fell on the accumulated VPVR price frame contracted 10 Month Wyckoff accumulation.
> May be this is Phase C or D LPS Wyckoff
> Interesting to try and buy at this price.
> Risk/Reward Ratio: 6.82
Wait for price to enter my Golden Zone then you know what to do.
no confirmation = no trade
no profit margin = no trade
must get a confirmation on LTF
Either 15M Timeframe or 10M or 5M
we must get a change of trend on those timeframes like price coming into the zone with LL/LH and we need HH/HL To come in!
that's how i enter 99% of my trades
I'm bullish TEVA for the next 1 month.
I will be taking some profits on Target 1 and leaving the rest for Target 2.
Target 2 is less likely to occur within the next month, so this is definitely a bit of a longer term play.
$TEVA – Waiting on that Soldier
It's super interesting how these charts work so well sometimes - this one played really nicely. I wish I was in it... W shaped bowl... cup/handle traced right back to the fib line - which was also the POC of the vol profile... when it popped it stopped right at the previous high.
EMA’s are not lining up as I would like but if...
Breakaway Gap, trendline break;
Price Above EMA20, in upper band of EMA20 Bollinger band (Blank)
Waiting for EMA50 (yellow) above EMA100 (blue) as Golden Cross for long term trend
Entry 10
Stop 9
Target 13
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this...
Monthly down trendline break
Monthly resistance/support line is support now
Daily Wedge bottom
Price close above EMA144
Entry 10
Stop 5
Target 25
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
As we enter December, it can be useful to look back at some of the companies that struggled the most in 2020. They may offer downside opportunities into yearend.
One of the biggest examples might be debt-laden Teva Pharmaceutical Industries.
TEVA was struggling long before coronavirus, having steadily declined since late 2015. It had a big bounce between October...
