Hubert Senters here.
Let’s take a look at the markets. We’re going to look at Nike. We’ve got a perfect bracket trade going on. If you don’t know what a bracket trade it’s pretty simple you wait for a big gap up or a big gap down.
It didn’t have to be big just be a gap of anytime but usually bigger works a little bit better. When you’re going to bracket that gap day.
So in other words it gaps up from about $133 up to about $155 then you let it trade. You let it trade the next day. And as soon as it goes above that range of that first bar above $154.76 that’s a long.
If you want it done the opposite in this example you would have went below $150.48 would have been a short so that is what we’re going to look at.
Now, we’re going to see if we can look at a little bit better target to the high side and we’re going to put a fib on that if I can find my fib tool.
We’re going to go higher or low higher low so the next target on this creature will be as follows. We go one, two and then three. So next target is going to be $157 to $158 to the high side. It will probably continue to cruise higher than that.
What we can do is we can and then that’s going to be the intermediate target then you can do this stuff and do the re-calculation from low, high, low there you go. $159, $165 and $173.
Good luck. Hope it helps. See you on the next video.
Hubert.
