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In This Episode

  • CYBR top down analysis starting with the daily chart and working our way into smaller time frames.
  • Gap down consolidation alert. We use the reverse chasing tool (fibonacci retracement) to establish a logical entry. You can’t have a home run if you don’t let your winners work for you.
  • Bullish consolidation alert. While it immediately went against you, it retested the breakout again but then eventually had a continued downside.
  • Powerlines alert (moving averages either above or below but very close). You need to be aware of your surroundings (moving averages, indicators) so you can avoid taking trades that do not have the best odds.

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