$DOCN is currently undergoing the same setup that led to its 102% gain in April.
The Spring.
Broke below recent swing low and closed above it yesterday. If it can start breaking above highs now it will get me buying.
Yesterday's trade on $MU was a textbook Failed Breakdown (my favorite setup).
1. Sellers pushed $MU below Monday's low.
2. It stayed there for a while, but then buyers recovered it back up.
3. The confirmation was the new high, that's where we bought.
Study this setup.
$DOCN is currently undergoing the same setup that led to its 102% gain in April.
The Spring.
Broke below recent swing low and closed above it yesterday. If it can start breaking above highs now it will get me buying.
$CIFR just printed one of my favorite long setups. The spring.
Price broke below last Tuesday's low and closed above it yesterday.
Essentially a short trap.
Watching this one closely.
$DOCN is currently undergoing the same setup that led to its 102% gain in April.
The Spring.
Broke below recent swing low and closed above it yesterday. If it can start breaking above highs now it will get me buying.
@CoachDanGo Every day lunch: Lentils, tomatoes, feta cheese, broccoli, cauliflower, belle pepper, onion, ginger, olive oil and chia seeds. Every single day.
A: That's our first swing point, it establishes the potential for the pattern.
B: You can to see a decisive break below A. Longs exit, shorts get trapped.
C: Quick reversal and consolidation back above C.
D: Entry at the breakout above the C zone.
Learn the failed breakdown spring pattern.
It's one of the most consistently profitable patterns I trade.
We had it recently on #Copper futures
Let's break it down...
I struggled with over trading for years.
The best thing that helped me overcome is this:
Wait for candles to close before taking an entry.
It forces you to wait AND it improves your analysis.
It made a world of difference for me.
Your account doesn’t grow from “okay” trades. It grows from a few big winners you had the courage to sit in and the discipline to manage properly.
Most traders scalp their winners and marry their losers; flip that and your equity curve changes.
A handful of well‑managed trades per month can beat dozens of random entries.
$SNDK
$AMZN currently sitting on this mega trendline dating back to 2001.
One of the best opportunities in the market right now from both a technical and a fundamental standpoint.