AgEng06 said:
Heineken-Ashi said:
Guys, yall can buy FUBO right now with a stop at $1.35. Not saying it's going to work out, but the risk of stop is <30 cents and the target is $3.00 - $4.75 or 2-3x gain. 6.5x R/R on minimum target and 14x R/R on max.
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Do you expect the time frame on these moves to track the timeline on your chart? So 2Q 2025 maybe?
So when you see an A-B-C like shown on the chart, that's a corrective move. Meaning it's going counter-trend. Those can happen in multiple ways, but the most standard is what's called a zigzag and you see them on all timeframes extremely frequently. The most common is where the first move, the "A" will look like a 5-wave impulse. But it then retraces between 38.2% and 61.8% on the next move, the "B". So you would expect a finishing 5-wave move after completion of the B, moving in the same direction and roughly the same trajectory as A, targeting 100% the length of A from the bottom of B. Follow? If not, see below.
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The next most common is what's called a flat. In that scenario, the A is usually 3-waves (which I have shown here), with the B retracing almost the entire move. You then expect the C to finish where the A finished in roughly the same trajectory.
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Timing is ALWAYS a guess. Never make trades based on timing of my chart. While I do my best to project a timing component of what seems reasonable, more often than not, I am more trying to show the entire move on the screen while displaying the price expectations. If you plan to take a trade with a timing component, like an option, I would ALWAYS give yourself extra time that what seems like the reasonable move. In this case, the reward is 2-3x on your money with the risk about 15-20% of your money. What's the point in playing an option when you can achieve option-like results without having to worry about timing? This is a share position 10 times out of 10. Within the move, if I see a breakout setup with defined risk and outsized reward more conducive to options, I'll post it.