TRADING TIPS

PCAR How to Make Fibs Fit

Hubert Senters here. Let’s take a look at PACCAR, PCAR. This is not going to be a perfect set-up but I’m going to walk you through how to fit this thing and make it work for you. So obviously it’s breaking above the cloud. If we zoom in here and take a look. Three bars or three days depending on how you look at that. The ADX is creeping. It’s almost $20. You want to get long that creature. There’s a couple of different ways you can do that. I’m going to walk you through two or three different ways so high, low, high, low so I could start here and I could go. That’s the low and that’s the high and then that’s the low. The problem is you’ve already taken out all of the projected targets. That’s not going to work. So what you do and every platform is going to be a little bit different but scruncher down a little bit and then see where your eye grab take tools. This one is not going to work either. One. Two. Three because it’s too tight. Here’s what I mean by too tight. One. Two. Three. It’s hit all the targets there too. Like it worked wonderful but they’ve already been hit so what you got to do is grab the starting point and bring it back down to a lower starting point. And then that will give you some runaway for your future targets which is going to be $104 and $108.50. Good luck. Hope it helps. See you on the next video. Hubert.

Submit a Comment

Your email address will not be published. Required fields are marked *

Share:

Facebook
Twitter
LinkedIn
On Key

Related Posts