RDFN bounce from $10.90 to $13.25
Updated
MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom of channel (period 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
TTM Squeeze is off
TTM Squeeze momentum is down
VBSM is turning negative
Impulse MACD is down
Price at near Fibonacci level 50% retrace
In at $10.90
Target is $13.25 or channel top
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom of channel (period 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
TTM Squeeze is off
TTM Squeeze momentum is down
VBSM is turning negative
Impulse MACD is down
Price at near Fibonacci level 50% retrace
In at $10.90
Target is $13.25 or channel top
Trade closed: stop reached
STOP LOSS HIT
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.