VIX descending wedge also looks in play for a breakout

The size of the swings mean position sizing is crucial in not getting blown up and also allows more manoeuvrability. For example I added on to previous NQ/ short yesterday rather than closing. After a 25% rally from the low and in to the 50% fib retracement and 200dma?

To me that is a perfect entry & the rejection was confirmed so far. Sometimes it helps me to zoom out to daily and weekly charts for perspective.

This is great battle. Cant wait to see what happens next.

Possibly the best way is to set a price alert on your trading platform, when it crosses either the trendline, or a set price. I am trying to be better at doing this myself.

so only if i decided to take a position hoping it would go up, otherwise, there is no other good signal of this particular surge. is that right?

Until the warnings and layoffs come up. They’re priming the market up in anticipation for next week. People are thinking the coronavirus is over but the next leg will be corporate meltdown.

The technicals point to the set up, but the exact entry date is impossible to forecast. It might be that day, or days later. I hae seen many times that our stop is hit and I give up on the trade, or forget about it, only to see it break out a few days later.

can you explain a bit more thought process? the trade set up MNK, when you mentioned it, it actually declined for about 2 days, and stayed quiet for Monday, and skyrocketed today. was there any signs suggesting the surge