Hubert Senters here.
Let’s take a look at Home Depot. You’ve got it above the cloud 11 days and the lagging line is about to confirm that it’s a good long. Now, depending on your style. One day would be an aggressive long and you’re already in the money after that point if you are in there around that first bar above the cloud.
More moderate signal would be medium. Two bars and then a conservative signal for me would be three bars and then if you want a confirmation that you know it’s probably going to continue that direction and there’s no guarantees a straight and remember what we talked about here.
Wait for the lagging line to be above the cloud when you do so. In this case, you’d have to wait 11 maybe 12 days if it does tomorrow. And then after that you’d be looking at these most recent targets a little bit overhead resistance around $204-ish so if you’re going to get long around $188 or slightly above maybe $190 your target to be like $204, $205 and then you would target in the area of $212.
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Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
