Hubert Senters here.
Let’s take a look at a follow-up video on LLY, Eli Lilly bracket trade. So if you were waiting for $189.60 on the long side so far as the recording of this video.
I’m recording at 1:41 PM on the East Coast time. That didn’t happen. But the short didn’t fire off.
So if you’re playing intraday a trade below you’re getting in because it’s at $179. Now, there’s a fine line here like if you’re going for a close below clearly it’s probably going to close below the $181.
Unless something just crazy happens into the close of the market which you got basically two more hours. So you’re probably safe and there’s no such thing as safe in trading. It’s all speculative.
Shorting at $181.87 And using a stop-loss of $189 or smaller. The half the gap fill is going to be as follows. Let’s whip out our handy dandy Fibonaccis and go there then go here.
So if right there on the yellow line basically the Ichimoku cloud does really a good chart on this. So your first target is going to be $175 and then $173.
And then after that you can target $166. But once you hit half a target cover half.
Good luck. Hope it helps. See you on the next video.
Hubert.
