I took an L on my call for the double top on my last play. Hopefully everyone had stops placed and didnt get wrecked too hard (like my GF!!). Get ready for tonight, we are getting the last part of our 15% correction that has been due since october. I hope you profited off this breakout, I outlined our target buy zone, be patient and wait for conformations on this trade. We are in a bull market still, but every time we move up a couple K we need some consolidation to reposition ourselves for an even bigger move. WHAT TO LOOK OUT FOR TO CONFIRM YOUR BUY IN THE GREEN TARGET
1. Simple chart patterns, double bottoms in that range, ETC.
2. Look for overselling on the 4 hour RSI
3. Look for long wicks on candles that will help you confirm its a good entry.
4. Look at your bollinder bands, your 8s and 9s etc.
5. Look at the divergence, and if it has corrected.
Get ready for a solid bounce and our next target is going to be the 30K mark!!
Very excited for this to play out, we might actually be looking at some fat profits in the next 2 weeks or so.
Every man can rise after they fall, but a leaf will get stepped on.