Is A Reversal Coming?

Join Renowned Trading Instructor, Hubert Senters, for an exclusive lesson as he explains his best method for spotting trend reversals and breakouts.

Don't get caught flat footed by the next market reversal. Join now and learn how skilled traders can benefit from upcoming volatility.

Hurry, this session starts soon!

Join Now

CMG New Price Target Updates

Hubert Senters here.

Let’s take a look at the markets. In this particular video we’re going to have to update our price targets because Chipotle has lasted through all of them. So I’m going to remove these. As you can see they’ve all been met and we have to reset this bad boy. That’s always a good problem we have.

We’re just going to use a basic fibonacci extension or it could be called projection in your software. It just all depends to what your software labels to that. In mine I’m using Trade Station so it’s going to be a fibonacci price extension lines. Now, how this tool works is I’ve got to pick a low and then a high and then a higher low.

So you can see that line low, high, higher low. Pretty simple. What we’re going to do is we’re going to go low, high, higher low. And then it will tell us where this equity Chipotle next is going to grow which is delicious by the way. It might have a little bit of run end with resistance. Next resistance area $1,805, $1,912 and $1,977.

Mark Helweg is having a special webinar Wednesday, July 21st at 7PM EST. The title of the webinar is The Invisible High Dollar Pattern. You know how to register for a webinar. Click this big green button here that says CLAIM MY SPOT NOW. Fill out the information. On the bottom of it there should be an option.

So your first real name or what we’re going to call you. Your primary email address so we can remind you to come to the webinar and your mobile phone we will send you a voice alert and a text alert say hey, remember that webinar you signed up for starts in 15 minutes.

Good luck. Hope it helps. See you on the next video.

Hubert.

 

Submit a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

$7 Options Master Strategy

Check out my friend, Serge Berger, as he reveals the master of all options strategies below.

green

Watch Now