Now from a spring break point of view I want you to read this and see what this is all we created.
This is a breakout.
OK so if you witness the breakout happening right on this day this was the place to enter it the break
out especially after moving about the 21 simple moving average vagaries.
This great line that these would be the place to enter.
But since you were it is it too late to enter.
No it is not.
So you change and go inside the a champ.
And as you see inside where we shop where we've got all these lines with earlier let's clear some of
those.
So we have the album chart.
We are seeing the strong ascending triathlon goal which is actually making all sort of channel
OK.
So here we go
by support.
Let resistance.
Strugglers and channel breakout inside the one hour chart it's really been a great place to enter twenty
seven 18 months look inside of the daily chart 27 18
OK.
There would have been here too many say anything beautiful.
So if you are at the 21
you could enter here 2017.
Why again when I watch out break out break out of these ascending can I go both right here 27 18:27
20:27 23 something like that enter.
And then where do you exit.
Where do you have a rising channel.
So you entered the breakout and you exit at the top of the channel.
So these would have been in I said I'm from 27 18 to 20 mine 27 powerful
but if you want to stay on the thread longer which is nothing wrong with that you go back inside and
they reach up again.
And this is when things can turn into secrets.
To close deals with your
main seller 23 times in 2010.
All right.
So strong support.
Okay.
So the breakout came right here.
Now you want to draw the lines 3 lines
I'm looking at these channel
prices beamforming looking at the LOS.
Yes you know those were price attached here here here here almost year here.
And then today we break out the volume and go to the movies.
Carl pre-coffee born in power.
So the volume pushing price higher daily chart.
Here we are in today's beginning 4:00 p.m. There you go.
So if this is a rising channel Mickey copperplate and you have the center of the chain all the muchin
up and the top of the channel.
So if you want to hit prasadam and you're picking obviously the Marines can because you're holding these
position or at night
this is a good thing.
Your stock.
So when you turn it kinda like that your stock should be you don't want price to pull back more than
half of the size of the Kindle.
So your stock technically should be somewhere around here.
Twenty five hundred twenty five fifty.
But we also know that there is a strong support and I had a 27 29.
So in my book that will be the area where either one price to move below it.
I would look at that as an entry opportunity if I missed this entry today.
I look into tomorrow see Price pullback in the area and give me an opportunity because it's a strong
support and then see if it goes higher.
So Basie's the chain all these is a lot of support in those are the next targets.
How did we find those areas of resistance.
We found those in the next five years by looking at the highs on previous bars on the highs over here.
Twenty nine thirty five.
And then the highs over here 31 95.
And then the high over here seven or six and the high happier 41 30.
So those are your next targets.
If you want to hold this position for three four five 10 days a week a month a year this is all up to
you.
Those are your targets and you want to make sure you raise your stop losses as I move about the next
resistance.
So there is it's become support.
And you don't want price to move below it.
So you raise your stop loss just below that.
So as these moves up if it moves up to zero tolerance and you want price to remain above the support
here of 8:33.
And I think Maurice you or whatever support area 25 90 you look at the highs are here and here are these
areas and support area 25 1926 or 25 25.
Anywhere in between these two areas because if this is a break out with volume which is we should expect
this to go higher.
So if you let your profit run in you hold the positions for a few days we probably stop losses.
So I mean there are 28 50 which is the price right now 23 stop loss is a thirty.
You risking $100.
So you're risking one to make 300
or cows and
13:00.
So as long as the risk reward ratio is 1 3 1 4 3 Riskin 1 to make 4.
That's great.
Good is can one to make one that's not good.
Don't do it.
Don't trade for that.
If you risk $1 or $100 to make $100 that's not worth it don't do it.
You risk $100 and your profit should be four times as much.
So looking for a target of 31 190 we can form our target of thirty seven or six.
Now those are targets because those are three times as much and nine times as much and then 12 times
as much risk one to make one your risk reward ratio needs to be 1 2 3 1 2 4 or greater.
In other words there is one to make three for or more.
The label.