Triangle Breakout w confluences

10 thg 10

Nice Risk Reward in this triangle.

Pros-
+0.5 fib clean retest on 20th august from the move that started 4th April to 31st July top
++VRVP massive shelf at $35.34 so thats a clean defined risk no matter what happens you cut there and you run and dont stop ! Losers can keep holding but thats like $5 risk from here
+++RS compared to SPY for short and long term aliging as per my indicators
++++RSI also moved to my liking here
+The theme is in with AI etc etc power

Cons-
Markets at high so any news can cause panic but that should be accumulating time

Plan-
+Starting half size at $41.50
+Add full on triangle BO or scale in if it falls down to triangle bottom

Risk first everythin else later. No FOMO or maybe little fomo but what are we doing ? we will cut it at 35.4

Target-
TP1- 2R at $50 psych
TP2- 53.77 ATH
TP3 (Dare devils or greedy bastards :) - $56.57 fib extension 0.6 and $72.77 fib 1.0 (I will probably leave runners)

13 thg 10

Ghi chú

I hope you guys caught that panic selling move on friday in AH it touched the bottom of the triangle at $36.50. Unfortunately i was buying as it was falling so was maxed out for this trade but what a beauty. Now we go !! I think the push might have some legs, i will try and scale out on momentum burst, we closed outside near 20% of HOD and its a HH continuation, i say we push now, also sympathy play for OKLO as its trending ATH and pushing, GLTA

15 thg 10

Ghi chú

didnt take TP1 yet, its a momentum burst, waiting for 56 for 0.6 fib, else il take at 65. hold 40% as plan as it can push tomorrow but RR is already done just make sure to pull up SL

17 thg 10

Đóng lệnh: dừng lỗ

stops hit, all out. on to next one