Bearish Butterfly in a Bearish Flag

Dec 28, 2017

Notes on the chart.

"Wish you all a very happy and prosperous new year"

Just trade safe and stay healthy.

Regards
Bravetotrade

Dec 28, 2017

Note

Here's the bigger picture.

Jan 2, 2018

Note

The stock pulled back the specified support zone as per expectations and is heading for the first Target 768.

Jan 2, 2018

Trade closed: target reached

Target 1 hit
Trailing stop for partial position will be 763.

Jan 3, 2018

Note

Full profit will be booked at 790 and I ll look for short opportunity near this level.

Jan 3, 2018

Note

Stock today made a high of 787.75, just 2 points short of my final target, and showed weakness which may be due to overall market. Although I ll consider shorting if and only if the PRZ is fully tested (which ll be a separate trade), yet I think the strongest legs of this upmove are done.

I ll close my remaining position tomorrow either at 780-781 in case of morning pullback, or below today's low 774.

Jan 4, 2018

Trade closed manually

Closed at 787