Now, let's take a look at $DKNG. One of my highest conviction trades this year in January. In this case, we traded within its March '20 monthly inside range. pbs.twimg.com DKNG We zoom in to see not only did the monthly inside low hold, but we have a massive bull flag breakout. Add the fact that Massachusetts had an inevitable sports betting approval...
This past year, I shared many bottoms on names on my weekly WLs based on bottoming consolidation structures, mentioning a specific strategy as a reasoning for the trades. Aside from understanding price action, I used a simple method: Monthly inside candles/bars. ---------------------------------------------- What is an inside candle/bar? Inside...
This is an easy, textbook bull flag right on support with a bull div on the 4hr. First target is $77, second is $82
I closed my short from 136.4, opened a long at 134.7 Liking this falling wedge and bull div on the hourly. Looking to long to 142 and short it down to 120s
Charted this a few hours ago, saw a rising wedge and figured BTC would take a dump and RSI would come down as well.
We've seen a beautiful cup & handle on ICX. It's going to meet some resistance at the green shaded areas, but it has so much more room to grow.
Most of the alts are now finishing the cups and about to handle out. My suggestion would be to TP on anything you profited in the mini-parabolic run and chill in BTC for a bit. You can partially TP anywhere from 25%-75% of your bag and hold the rest (at your own discretion). Don't be fooled by the nice runs we've had the last couple of weeks. Many alts are...
NCASH is in a falling wedge pattern right now. It lines up nicely with my .618 fib level target for re-entry. I can expect a breakout/reversal at that point. I have my order at 351. (Here's to hoping BTC doesn't bring it down further).