Top 5 Weekly Trade Ideas #1 | RKT Bull Flag | Part 2
This is part 2 for the RKT trade idea this week. This is nearly the exact same setup we see on the 4hr, but it's on the 15m. If we get a break to the upside, first target will be the trendline from the bull flag on the 4hr. Final target would be around the 21.28 mark, a previous swing high which is at the top of this bull flag.
You can play this smaller time frame pattern for a quicker move, or buy some more time and play the 4hr bull flag instead. This is nice to see for bulls because have both timeframes indicating continued bullish momentum may be coming.
You can play this smaller time frame pattern for a quicker move, or buy some more time and play the 4hr bull flag instead. This is nice to see for bulls because have both timeframes indicating continued bullish momentum may be coming.
Nota
Nice move for RKT today. The 15m bull flag was broken and held on a retest, didn't quite tap the trendline but close. Currently testing the top end of the 4hr bull flag. Lots of momentum and recent strength on this one.
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advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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