Failed Breakout Reversals: Trading the Trap, Not Getting Trapped

Part of the Setups That Work series. Every breakout trader eventually becomes breakout bait If you've traded breakouts for any length of time, you've been on the wrong side of a failed one — the level breaks, you enter, and within minutes price is back on the other side of the line, stopping you out … Continue reading Failed Breakout Reversals: Trading the Trap, Not Getting Trapped

WWW (Wolverine World Wide): The $45 Long-Term Rebound Setup

Wolverine World Wide just beat Q2 and raised guidance, and it did it sitting on the monthly 61.8% retracement. WWW last traded at $21.03 after a high-volume earnings pop. The long-term setup: build a position in the $18.75–$21.50 zone while price holds the monthly golden pocket, with a monthly close below $7.45 invalidating the thesis. … Continue reading WWW (Wolverine World Wide): The $45 Long-Term Rebound Setup

PEP (PepsiCo) Short-Term Swing Trade Idea

Week of August 15 update: TRIGGERED Thursday, August 13. Friday close $140.79. First target $148 still overhead. Stop $133.00 intact. Full recap. The level that decides everything PepsiCo (PEP) just spent five weeks doing the opposite of what a broken stock is supposed to do: it stopped going down. Shares cratered from a 52-week high … Continue reading PEP (PepsiCo) Short-Term Swing Trade Idea