Hubert Senters here.
Let’s take a look at MELI. It’s got a nice little continuation of pattern and if you’re adding stuff to your trader playbook. Your recipe book cookbook whatever you will call it pattern book. This is one I really like. So it’s not a hard one to find. I don’t know if you could scan for it. I guess you could scan for it.
A gap up situation, a gap up or a bracket trade that makes new high comes back pulls back to the turning line and then slingshots higher. It’s a nice looking pattern. It usually continues higher so what you’re looking for is a breakout. Let me change my color to white. I feel like I’m in grammar school in some cases really judging me.
You cut a nice little gap up here, right. And that gap has a bracket associated with it. It trades higher for a few days than it pulls back to the turning line and then slingshots higher. Okay, so it’s an interesting pattern. It will probably go to $550. Add MELI to your long list of stuff.
Good luck. Hope it helps. And I’ll see you on the next video.