The Channel Break and the Deep Bearish Crab

2017年12月22日

Notes on the chart.

Do hit the like button.
Trade safe, stay healthy.

Regards
Bravetotrade :)

2017年12月22日

注释

An aggressive entry could be a closing candle above 861 on this time frame. For details on entry setups see the following link.

2017年12月22日

注释

2017年12月26日

注释

Technically this pattern is negated.
But if we still give it some room and look current move as double bottom, then above entry would be valid.
However, Below the today's low 852.95 , I ll look for another buying opportunity near channel support.

2017年12月28日

注释

Channel broken..pattern invalid.

2018年1月3日

注释

The Gap Disaster :)
Hahaha..The stock gave a nice reversal candle yesterday from the potential double bottom. I wanted to buy above 850 but gap provided no opportunity and it reversed from a previous peak resistance.

Simplest way to trade such moves is to ignore them and wait. Looking at the above chart, the area near 830-840 will be under lens for a long position (but I would not short this stock), which may be updated in a new post.