HALO Stock Swing Trade
This HALO stock Swing trade journal is a review of a Long Swing Trading 5th wave move on $HALO. I write a great deal of these trading journals, not just because of the a high proportion of my trades hit our Elliott Wave, Automated 5th wave target zones. But because every single Stock acts in a slightly different way to Earnings, News and Sector pressures. So when it comes time to trade the same Stock again, I have the experience written down to learn from. I hope you find this trading journal educational.
Before the markets opened, on 27 March 2019,
I posted a Stocks Trade Idea for a potential Long Swing Trade for $HALO on our TradingView profile HERE. The original trade idea includes full analysis & Setup before the markets opened . The Signal came from our Elliott Wave Indicator suite for the TradingView platform. The wave 4 made a slightly new low the next trading day, so I adjusted the stop for the order within the original trade idea.
In the original chart screenshot below we can see that the HALO Stock finally found support at our automated probability pullback Red zone on its Elliott Wave 4. This indicates an 75% probability that the 5th Wave will go on and make a new High in this current Bullish trend.
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 Long entry price of $166.20 with Stop at $159.35. Our automated 5th Wave Target zone in Blue was around the $176. As previously discussed, I adjusted the stop to $17.50 because the wave 4 made a slightly new low.
Therefore, this adjusted Stop gave a Risk to Reward of 1:1.6. Below this original setup chart, I discuss the entry and trade management for this swing trade that hit our 5th wave target zone.
HALO Stock Trading Journal – What Happened Next!
Using our Elliott Wave Indicator Suite , this type of move on average take 25 days to reach our target and in this case we were very early! The chart below shows our automated 5th wave target zone being hit and the price breaking through. Remember, the original HALO Stock Swing Trade Idea can be viewed >>>HERE<<<
Learn More about our Elliott Wave Indicators and more for 7 different platforms >>HERE<<