DE Long Play

Dec 26, 2023

Deere is in an ascending wedge pattern. currently priced on support trend line. long bottom wick on the weekly candle for last week showing buyers and confirmation of support trend line. Trade to 1 point below supply line at 435 with stop loss at 1 point below weekly candle wick from last week.

Feb 21

Trade closed: stop reached

Got stopped out! huge gap down and price action has confirmed that my hypnosis was incorrect! I still liked the trade, but there could have been more financial analysis done on my part to help predict earnings results maybe.