Love the set up except for earnings coming up. Will keep eye on it, but wont initiate prior to earnings
pretty straight forward of what the break out will be...
Looking for long break out of the wedge after cup formation. Looking for break out of possibly bounce off support line with tight stop.
Long with positive turn in macd, relative strength at support (will watch for improvement) and a break out of half a cup/resistance for a cup completion. Cup low would be my stop out for good risk/reward in my opinion.
with macd over turning, this is a potential set up i'm looking for.
This is a spy/tlt ratio chart. It shows relative strength of market vs bonds. Clearly bullish market (SPY) at this point, even if I don't see how I listen to the chart and I'd be and am long this chart.
Cup n Handle on chart, would prefer it to consolidate this last break out zone but volume and price are extremely strong. Will have to anticipate breakout, and keep tight stop if it continues threw to new highs. Do like the name though.
Break out of cheat base inside Cup formation. Will look for move above consolidation and attempt to complete cup pattern.
notes on chart for targets long on 200 break. Earnings in 2 weeks to keep in mind.
Notes on chart, this is my anticipation for consolidation before breaking out of main resistance line. may initiate small on 3rd consolidation, and initiate full on break. Stop would be resistance break or second consolidation low. Just my opinion
Notes on chart with CNH formation for long. Base of handle as stop.
Okay, so my personal idea is play off this wedge resistance and look for gap break/fill. Secondary target is the channel resistance.
idea on chart, but in short... Looking for two distinct direction on break. Until then, nothing but will keep eye with distinct entry/exit. Just my thoughts.
Watch the dollar in association, but per this hourly chart I'm looking short basis. Can refer to 30 min cloud as break too. Just my thoughts for back test.
Looking for bottoming out of this wedge, with big accumulation days on way down. Will look for possible double bottom, or retest of breakout. Any big volume on break is my indicator to start position. Just my opinion.