Hubert Senters here.
I had a viewer asked me a question. ‘’Now that TRIP is going vertical how much farther do I think it’s going to go?’’ That’s a good question. There’s no really way to tell-tale you. There are different ways that you can kind of guess or project. You can use Fibonacci as you can use Ichimoku. You can use Elliot Wave. In this example let’s use Fibonacci projection.
All I’m going to do is I will zoom in here. I’m going to counter down so I can see here. And then it’s just a one, two, three so I’m going to do in trade station it’s called a Fibonacci price extension so I’m going to do go is I’m going to go from this low click on time to this high click one time and then grab the low again here right there.
So the first time of potential overhead resistance. I shouldn’t say the first time it’s already went through the $61.80, $51.71 or $51.78, the 100 percent extension it $54.06. It tagged the 138 percent at $56.34. I can’t talk. And now the next target will be a $161.8 percent extension at $57.75.
And then after that we’re going have to wait for is then we will redraw like this. We will then go from a low here to high there and then be looking low. So if you get there what you’re going to do is go from low figure out where the high is that will be the high and then you have to wait for another pullback to come and then we would do another extension. So that’s how you do this stuff. Hopefully, that helps you out.
Last live webinar before the bond trading boot camp goes live. And before I go on vacation really quick. So it will be Tuesday, June 5th. I’m going to cover a framework on how to properly pick the best market for you to trade. I’m also going to teach you a little bond trading 101 and I’m also going to show you ‘’How I made $6,281.25 in 10 days Risking only $312.50.
I’ll hyperlink you to the form click the CLAIM MY SPOT NOW to register for the webinar which takes place tomorrow which is Tuesday, June 5th at 8PM EST.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
