GLUU Recently Broke Out

GLUU Recently Broke Out

GLUU had recently broken out and ran 20% before it needed rest to build another bullish continuation pattern. Continuation patterns rarely look as perfect as they do on paper, this is because when on paper the noise is usually cut out. But on a chart, you just can’t photoshop the noise out. Using price resistance and Fibonacci Lines we see 12 to 28% possible target zones in this swing trade. You can find the GLLUU trade Plan under “Free Trade Idea” “TV20/20 Trade Plan”

Fibonacci Retracement and Extention Workshop June 7, 2018

  • Why do Fib Ratios Work?
  • Why Should You Use Extensions instead of Projections?
  • Answers to Common Problems Using Fibs.
  • Where do you begin and end your drawing?
  • Do we use Bodies or Wicks?
  • Which Ratios should be your focus?
  • How to Identify the major support/resistance Levels with Fibs?
  • How to Find Entries with Fib Retracements?
  • How to Set Targets Using Fib Extensions?

Don’t miss this powerful Workshop, when you know how Fibs works your work and determining profit zones becomes clear!

SPY Bullish Morning Star

For a Bullish trend you must have followed through, and higher lows and higher highs. Friday we saw follow through from the 3rd major higher low that started in April. Fridays bullish follow through is what was needed to complete the Bullish Morning Star signal from last week. Our Red, White and Blue indicators are still signaling in favor of the Bulls. VXX – The Red, White and Blue indicator is signaling there is not much fear in the VXX chart. Price is also below the T-Line

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To learn more about our trading tools join us in the trading room or consider Private Coaching.

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Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone.

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