IBM 3000+ Day Downtrend Breaking?

31 mar 2022

IBM #IBM has been in a HTF downtrend since 2013...3311 days.

Currently retesting trendline and forming a right shoulder of inverse HnS. Weekly close above 145 and PT would be 199.

nPOCs at 169, 180, 197.

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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. Never use just 1 indicator for confirmation.
7. Set Perimeters and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Price Action greater than Indicators/Fractals/MAs
10. Horizontals greater than Diagonals

Please Note:

- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!