2 bearish harmonic patterns in a row.
Double top before. Sideways for a while.
Previous one played out amazingly.
Reaction off the PCZ and back tested what was once support as now resistance.
1st target = support
2nd & 3rd target = support/bottom of pattern.
ASB closed Fri backtesting DTLR and we'll see if it can confirm support. Right now we have ascending EMA's so the stock is trending bullish. Volume could be better coming in just below average. But the market has also been below average.
Above the daily 100 the 200 sits around $20.33. Between we have resistance in the $18.50 area.
ASB is also currently between...
🟢 $ASB Target 23.93 for 18.64% + DIVY
Or double position at 16.41
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups...
WATCHING $ASB for ENTRY TARGET @ 20.14
I’m practicing to nail my entries even better… if target hits I will take a position.
Ohhh, and a DIVY too…
If there's any ticker symbol you'd like me to determine a good entry price just comment below and I'll do as many as time permits. Some days I have lots of time and other’s not so much but as I can I’ll do them (and...
I had this on my watchlist. It came to my area of interest, and it's showing signs that it may act as expected. There is plenty of good demand lower to set stops below, so my risk manager is satisfied. It's not a crazy R:R, but I'm coming to the understanding that giant R:R isn't as common in stocks as it is in forex or futures. I'm thinking same genus, but...
I know there is a lot of profitability in managing your trade if you can successfully size in and out of a position as it moves for or against you. I agonize quite a bit on which one to pick so I can only be managing successful ones.
Any differing views or ways I could have chopped it up differently, please feel free to make yourself known below vvvv.
Write sometning about your psyhology thinking before trade? Today I am in a good shape, if I made a trening for and hour I feel much better
Describe the trade. What you see? after a good rely this stock is in a fall so I expecting that the price will go down
What have I done well for this trade? the stop order was placed perfectly to allow stock to greadh.
What...
