TRADING TIPS

DLTR Ladder Ambush Trade

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Hubert Senters here.

Let’s take a look at Dollar Tree. So Dollar Tree is experience in a nice little controlled ladder ambush trade.

It’s just a fancy way of saying like everytime it’s retracing about 50 percent and it’s going to dive deeper.

So it’s in trouble. I don’t think it’s going to work its way out of this. And if it does the ambush will let you know.

So if you look at this chart pattern that we’re looking at right here drop, gap which was going to take a while to fill so don’t worry about that one.

And then if you start measuring this a lot of the trading terminology is a lot of us tehnical traders say it’s a measured move.

This measured moved from point 1 to point 2 is about 50 percent. Now, there are software out there that you can use.

It will tell you exactly what the last 3 measured move is and then you could take and make the assumption like it will probably do something like that in the future or the present.

So you can see just the 50 percent ambush and now you just move this down to here. And you move this one down to here. Probably technical terms that I’m talking this and there. Very technical.

Vertical ambush again so now nice little ambush. So in this situation, you got to decide. Are you going to short it right now at $90.26 or you’re going to let come back through there and short it through $90.26.

Either way it’s probably going to take out $86.98 for the next few weeks. I like it as a short. Take a look at it and let me know what you think.

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

Hubert.

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