This is one of my favorite setups to play, pop to consolidation and then another leg up.
Transcript
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So I just want to go over why I took this trade today so you can see kind of how it came up and then it basically just bull flagged off the bottom um perfectly like that and we were basically over the 34 um we were holding there and this was I like this setup where we come off the bottom we make a higher low we kind of flag out um it’s kind of like a stage one base and then um yeah
And then it kind of just ramps up another leg up um this was like Prime setup prime prime um I played this in a couple of my accounts that I have this is just the one that’s on the screen um yeah I mean I should have went all all in but I did um purchase like I said in multiple accounts I probably had I don’t know maybe 20 contracts total and um being a slow trading day I was kind of worried
Volume is lower today it being Friday before Memorial day but yeah this just played out perfectly anytime I see these setups I um I always hit it pretty hard and um um yeah this just worked out worked out really well as you can see up 400 and then all of a sudden it takes the real leg up um kind of like the breakout of the flag and um you know you can see the The Profit goes over 1,000 bucks at one
Point I don’t know the exact number I I sold out at um but you can see the p&l at the bottom left goes over 1100 at one point and I think I get out um slow computer you know
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