Hubert Senters here.
Let’s take a look at an update on EA sports or Electronic Arts. Obviously we nailed it to the down side here.
Hopefully, you cut some of it. If you didn’t catch some of it I’m going to show you.
If you didn’t catch some of it I’m going to show you a webinar I’m going to be doing and I’ll teach you how to get stuff like this.
So right now we’ve got a nice little selloff and a little bounce. So how do you time the bounce?
Couple of different areas that you’re going to pay attention to. One is the ADX above $20. Yes, it’s $49 in trending so this is a good sign for us.
And then what we’re going to do is we’re going to take two different fibs. We’re going to take one from the overall high to the overall low. That’s our first zone.
And then we’re going to take another set of lines and you’re going to notice that the first one is $136 which is basically that purple lines.
So then what we’re going to do is we’re going to lower this down to right here. Look at there. Oddly enough that’s about $133.56 in that area.
So now we can take these away because the fibonnacis on the ambush are doing a good job but so is the turning and the standard line on Ichimoku.
So in this zone what you’re looking for for short would be the yellow line at around $133.56.
And as long as it stays below $136.32 we’re probably going to be okay but if you like to trade zones instead of like 10 point accurate areas which zones are more applicable in my situation.
Then you know this is the zone that you wanted to bounce into for a potential short. Obviously, you’ve got to put a stop loss on there something that you’re cool with losing in case you’re wrong.
And then you’re going to target this most recent low down here and then you’re going to see if it will drop some more after it fills at that ambush area and then we’ll back up in time here just a little bit.
Longer timeframe charts so if it breaks it jumps up there and then breaks back below and then takes out out our $125 then it will go basically $110. And then after that around $90.
If you don’t know how to find stuff like this very easy and efficiently and effectively. I’m going to teach you how in this webinar. All you have to do is register with your first name, email address and optional telephone number.
I’ll show you exactly how I go about finding stuff like this and then getting ready to trade it the next day.
Good luck. Hope it helps. See you on the next video.
Hubert.
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