Скачать или смотреть Trader vision 20/20 Featured Trade Idea for 10-4-18 (HZNP short)

HZNP had been in a long-term uptrend as seen by the 50sma and 200sma. About a month ago, it started forming a topping formation. Then in mid-Sept. the bears stepped in and crashed it back down through the 50sma. It tried to climb back above but failed. This is the classic "Blue Ice Failure" pattern named by the late Dave Elliott. It also shows a "Dreaded h" pattern and in fact printed a Bearish Engulfing of a Doji at the retest failure of the 50sma. All very bearish signs.

I will look for a Short Entry on negative trading, using an initial Stop as defined by the "10/1.5" V-Stop. Targets were chosen off of longer-term charts. (The 200sma is usually the target on a Blue Ice Failure.)

Trader Vision shows us that we should have over a month until the next earnings report. It also shows us that this chart setup is exhibiting 3 bullish and 3 bearish conditions...and that there is plenty of liquidity for a short.

TV20/20 also tells us that this trade plan will require HZNP to fall down between the 1st and 2nd Targets in order to make our overall Trade Goal. However, this plan does achieve 2:1 Reward/Risk at the 1st Target and 2.62:1 ($374/$143) at the 2nd Target.


Blog: https://hitandruncandlesticks.com/cat...

Please evaluate this idea against your own criteria, trading rules, and style. Investing and Trading involve significant financial risk and are not suitable for everyone. Ed Carter is not a licensed financial adviser nor does he offer trade recommendations or investment advice to anyone. No communication from Hit and Run Candlesticks Inc. is to be considered financial or trading advice. All information is intended for Educational Purposes Only.