DIS - Chart Link- been saying we need to see a
doji or hammer on the daily - maybe we get one today, still early
of course - the of that would be a trigger for a bungie bounce type
trade - but only a trade guys, and no trigger no trade
DIS - Chart Link- 60 min still has that
divergence, again divergence is not a trigger, you get that from
price
Ray - that means I don't see a traditional stock pattern like a
bottoming pattern, it's oversold, due for a reversion to mean
bounce, but it's not coming out of a falling wedge, or bull flag,
coil, or nice basing pattern. The CCI bungie setups are for
catching a quick bounce trade in an extremely oversold
instrument.
DIS follow up
Posted by matt on 24th of Nov 2021 at 10:44 am
DIS - Chart Link- been saying we need to see a doji or hammer on the daily - maybe we get one today, still early of course - the of that would be a trigger for a bungie bounce type trade - but only a trade guys, and no trigger no trade
DIS - Chart Link- 60 min still has that divergence, again divergence is not a trigger, you get that from price
Matt, when you say, "Only
Posted by Ray on 24th of Nov 2021 at 10:58 am
Matt, when you say, "Only for a trade", does this mean something shorter than a trade with a daily higher-low stop?
Ray - that means I
Posted by matt on 24th of Nov 2021 at 12:55 pm
Ray - that means I don't see a traditional stock pattern like a bottoming pattern, it's oversold, due for a reversion to mean bounce, but it's not coming out of a falling wedge, or bull flag, coil, or nice basing pattern. The CCI bungie setups are for catching a quick bounce trade in an extremely oversold instrument.
Thanks, Matt. Still "refining" my
Posted by Ray on 24th of Nov 2021 at 12:59 pm
Thanks, Matt. Still "refining" my Plan (...and have been for a couple of years ); but, I follow what you mean, and will add it as a corollary.
Bought DIS early today. Red
Posted by mitchell on 24th of Nov 2021 at 10:55 am
Bought DIS early today. Red to green move so far.