41 comments

  • 1. Tight moving averages suggest a large move coming soon
    2. Compare stock to DOW and SPY for direction confirmations.
    3. Wait for the setup, do not rush an order if the chart isn’t lining up.

    Justin
  • -when moving averages are tight and consolidated it’s a sign that it’s gonna break and time to long.

    -check nasdaq and spy to reference the probability of a trade

    -look at weekly and daily charts

    Kevin court
  • What are your layers of probability ?

    - check the weekly chart for consolidation
    - Match up to the daily
    - moving averages consolidated together
    - is it in a trend already

    Alex smith
  • Look for high probability trades with moving average consolidated. Chat with alpha members in the group about it.

    Makey
  • 1.Daily and weekly charts used in concert with each other is key when looking to identify a stock consolidating
    2. Moving averages banding close together is a sign of consolidation
    3. Patience is key. Shake watched that WDC for days before it set up.

    Pierre Bitar

Leave a comment