Month’s Theme: A significant opportunity to open a long position in the midst of a decline. There’s a key price level that’s highlighted that we’ll likely break through.
Behavior Around the High: Multiple false tops. The highest high is likely on the 24th.
Behavior Around the Low: A significant drop to meet the low and a trough on a one-month scale.
Exclusive Trade Opportunities for Subscribers:
An opportunity to open a long position on the 1st. I would close that in the midst of sideways rotation later on the 1st or on the 2nd.
An opportunity to open 50% of a long position on the 3rd. If we’re at a similar low on the 6th I would add to that position.
An opportunity to open a long position in the midst of a notable decline on the 3rd.
A move to the upside on the cusp of the 9th/10th offers an opportunity to open a short position. I would close that on the 13th.
Overview
An opportunity to open a long position on the 1st. I would close that in the midst of sideways rotation later in the day or on the 2nd. The 3rd also offers an opportunity to open a long position in the midst of a decline toward the end of the day. On the 6th, you could add to or open a long position. There’s then a big move out of a decline from the bottom of a range to the top of a range. On the 7th, there’s a prominent move higher on a multi-day scale followed by a full retracement back down. We’ll then have some price swings. On the 8th, we’ll have a big move to the upside early in the day and price swings. On the 9th, we’ll have sideways rotation and a big move to the upside on the cusp of the 9th/10th. There’s an opportunity to open a short position after that move to the upside. We’ll break through resistance creating a new high, stay above it briefly, and then break back down shortly thereafter....
....Subscribe to paid monthlies for full video with best trades and day-by-day chart behavior.
Comments