Hubert Senters here.
Let’s take a look at a slingshot trade. A slingshot trade is a very easy trade to recognize. So what you’re looking for is you’re looking for something that goes below the yellow line which is the turning line below the standard line which is the purple line
and then closes back above either the standard line or the turning line.
So in this case scenario that would be a slingshot and this would be a slingshot so that’s an example of Twitter so add that to your watchlist. You can also see it with NKE, Nike. Here’s a pretty picture too below the yellow touching the purple closes around that area. It can either close above below or at the line.
And then you can jump back above the turning line. Pullback slingshot. And then it should get higher targets up in there. Both are in the same trade same pattern. You just got to have your eye train in order to look for it so. Let’s take a look at a potential target for Nike here in the future. So it should e $118, $122, $126 and $128.
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Good luck. Hope it helps. See you on the next video.
Hubert.
