TATCH 👻 TRADING JOURNAL: [ATC.AS] +10.79% Today on Altice, time to scale-out some partial profit 🤑 !
Hi Everyone !
Here is some follow-up on a trade we started 2 months ago ! Price followed our mapping to the letter so far !
See
- Part 1: https://steemit.com/trading/@tatchcapital/trading-analysis-atc-as-a-very-nice-long-term-trade-in-the-making-altice-group-from-billionaire-entrepreneur-patrick-drahi
- Part 2: https://steemit.com/money/@tatchcapital/trading-journal-atc-as-back-at-it-with-altice-expecting-the-dead-cat-to-bounce
- Part 3: https://steemit.com/money/@tatchcapital/trading-journal-atc-as-altice-rise-5-today-on-a-classic-price-manipulation-trick
- Part 4: https://steemit.com/trading/@tatchcapital/trading-journal-atc-as-quick-follow-up-on-the-move-of-the-day
1) Spike and Channel are the best
On top about what have been already discussed (namely, breachs of historic levels) price action made a very nice and recognisable 'Spike & Channel' figure as you can see
2) Measured move done !
As you can see, price already reach is measured move, a third push should drive us toward 12,5€ but some correction should occur first. This 'dip' will provide very nice long continuation pattern (as a second entry of the large downtrend correction).
3) Partial profit 😎
So now is time to start scale-out some profit between 10,2 and 11,1€ and sit and wait for latter (possible) re-entries.
Don't hesitate to join us on Telegram, upvote, share and ask questions in comment section.
Much love
Cedric
Tatch Capital Limited
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No advise, just personal commentary.
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