Hubert Senters here.
I think if you master these 2 tools you can potentially make a lot of money. You just have to setup a checklist and a set of rules for them to work for you.
So I’m going to walk you through them. Right now, we’re looking a chart of Johnson & Johnson. So if we’re looking at and my eye always gravitates towards the stuff because I just use it a lot.
So this is going to be basically an ambush trade. And an ambush trade is it can be worked on the long side or the short side.
So what I’m looking for is I take the most recent swing high and swing low. And I know from this bounces probably going to open on this area. And then I get to make a decision.
Do I want to buy this and let it go through $173? Or do I want to short it here? And let it come back and re-test $151 so that’s one tool.
The second tool is a Fib projection por extension. And it works a little bit different. It’s not just going to give you a retracement.
And once again you can use the Fib lines for both up and down markets. And on this one, I’m looking for. Ok. Here’s the low of that market down here.
There’s a high. And then here’s a higher low. Now, I didn’t get it perfect. So I’m going to adjust it really quick to make sure I’m a little bit more accurate. Okay. Cool.
What this is going to do for us is it tell us what the next potential target is on Johnson & Johnson if we are potentially long. It’s going to be $176, $191 and $206.
I highly recommend that you look into Fibonaccis. They are pretty good. I like them. Almost as much as I like Ichimoku. I think Ichimoku is the quicker shortcut.
Fibs are harder to use because it could take just take more skill and they are harder to teach is all where Ichimoku cloud is pretty simple above the cloud buy below the cloud short.
And then there’s some other sell new launches that you need to know. But anyway, hopefully that helps you.
I’ve been asked to speak at the Wealth 365 Summit. I’m going to be teaching you how to find trends and current trends and how to exploit both of them to your advantage. I’m going to HYPERLINK you to the registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.
