Stock Trading Journal for Short Breakout Trade on CNC

CNC Stock Trading Journal

This CNC stock trading journal is a review of a Short Swing Trading Breakout Trade on CNC. Before markets opened, on 21 March 2019, we posted a video for a potential Short Swing Trade for $CNC. The original Signals Video can be viewed  >>>HERE<<<  . The Signal came from our Black Box Breakout Indicator Suite for the CNC Stock on the 240 minute time-frame.

In the original chart screenshot below we can see that $CNC had found Resistance in our automated probability pullback Amber zone on its wave 4. Therefore, this indicates an 80% probability that the 5th Wave will go on and make a new Low in this current Bearish trend. Above all, the Pullback zones are part of our Elliott Wave Indicator Suite. Our Stocks swing trading strategy involves trading the 5th Wave of the Elliott Wave sequence, as it is the highest probability move in a “with trend” trade.

The original chart shown below shows the setup with a Short entry price of $58.23 with Stop at $59.79.  Our automated 5th Wave Target zone in Blue was around the $54.50. Therefore giving a Risk to Reward over 1:2.  This aggressive trade entry was from a Short Signals using our Black Box Breakout Indicator Suite . After that, Our 5th Wave Target was hit 4 trading days later!

Below this chart is our commentary on how the trade went and trade management decisions.

(Click on Chart to open full size in a new window)

CNC Stock Trading Journal – What Happened Next

Our entry was taken in on the 21st March but the markets turned strong Bullish later that session so we closed in a slight loss making position. The next 3 trading days confirmed our Bearish 5th wave prediction and the target was hit during the trading session of the 27th March.

This CNC stock trading journal shows an example of our 5th wave automated target zone being HIT! Above all, Highlighting the powerful combination of our Elliott Wave Indicator Suite and Black Box Breakout Indicator Suite.

The chart below shows our automated 5th wave target zone being hit and 200% profit x Risk being taken in less than 4 trading days! Remember, the original Signals Video can be viewed  >>>HERE<<<

(Click on Chart to open full size in a new window)