Hubert Senters here.
Let’s take a look at another ambush setup here. On this one we’re going to be talking about NIO, NIO. A little Chinese electric vehicle company which is going to potentially compete with Tesla. So first thing you look for is a low and a high to pullback into. Now, there’s two different types of ambush.
There’s a major and there’s a minor. I don’t have enough time in a 2 minute video to cover both of them so I’ll cover the major one here. What we’re going to do is we’re looking for. Pretty simple. From this low to that high so market structure low market structure high.
Your eye should just automatically gravitate to there. You don’t have to do any work. Grab a Fibonacci retracement tool. Click once drag and click twice. Then you’re looking for a pullback and you’re either going to buy it when it goes through $42.96 in the initial move into it this way.
Let me grab a pen. You’re either going to grab it long when it’s going into this zone or if it’s going out of this zone so incoming outgoing. And then what you’re going to do is you’re going to reverse the rules. Obviously this area is what you’re looking for. Your area of interest to buy. Use a stop something you’re cool with. And then you got to have a target.
Now, what you’re going to do is going to reverse the rules instead of drawling from point one to point two. Now, you’re going to drawl from point two to point three so I’ll go click. Drag down here click and that will give you a target. Then I’m going to go from this high to this low and your target is going to be $49 to $50 so long around $42.96, $43 risking around and target $49 to 450.
Mark Helweg has also been invited to speak at the Wealth 365 online event . He’s going to be talking about an explosive options strategy. I’m going to HYPERLINK you to the registration page. If you register you got access to his webinar.
Good luck. Hope it helps. See you on the next video.
Hubert.
