This content is restricted to CTU members
Today we look at CRTO which had a very large gap up followed by two extremely large bearish rubberband candles. After 2 candles and a discussion about how we would personally alert it (to ensure we are seeing similar things) we talk about profit locking strategies because you are going against a strong bullish trend (the gap up). The logical trade plan for this would be to wait for an indecision candle or a bullish candle. We see after a few candles that a large hammer forms and this is when we start to design our trade plan. We have some hesitation about our intial risk box but lucky for us we can move that location to reduce risk if we want. After our entry triggers we see the trade has some nice follow through. Managing and trailing your winner is subjective but we do go over multiple ways you could.
To end the webinar we look at NFLX and do some top down analysis starting with the daily and drilling down into the shorter time frames. We believe that starting with the daily down to the 15 is sufficient to help aid in planning for the coming day/s.