The first good sign was a strong rally of many green bars that began somewhere off the chart.
The next positive sign is the big green bar in May. It's a wild vibration and then it cascades red, and then it makes a higher bottom and little green inverted hammers, and then it makes another higher bottom, and a wedge, with little red inverted hammers in it. Then it starts to break out and makes a classic berry, and gaps up, and then rallies strongly, all green bars, and breaks out that way above two major tops, so this is all very positive for the future. You want now to wait for it to pull back, and then look for a buy signal. But I know I would have been thinking "this could take off any time." I would have been thinking "I know I should wait for this to pull back, but it could take off any time.
Then it pulled back. It pulled back with a red cascade, which is often a buy signal, and then it made little green candles, which is often a buy signal, and this was all in the context of earlier buy signals in the larger pattern, and it wouldn't, in the long run, have been an awful buy signal, but it was early, and it would have been frustrating.
So I'm asking myself "how do I avoid taking this kind of long trade?"
And the answer is ... with prices pulling back from a significant breakout longer term, over the last several months, or at least weeks, now we can look for a buy signal which is prices breaking out above shorter term tops ... which it soon produced in abundance, and not just wimpy little tops but lots of sturdy little tops
But even in July it poked above tops, or a top, but that was off of three lower bottoms, or, at any rate, sort of a downward sloping wedge, and, not that I might have noticed this, but I'm noticing it now, it was in three green bars ... and, coming to think of it, we saw lots of green bars ending in tops earlier. Then at the beginning of September it pokes above a top, two tops, but again it's three green bars that do it, and it's still off, really, a lower bottom, or almost a lower bottom.
Finally, though, first it makes a higher bottom, in September, and then it trails off ... horizontally ... temporal logarithmic action ... and then it pops. I mean, you can see the detonation. It jumps up above all sorts of tops, making a small, sturdy green candle with a tall, proud wick. And then it makes a berry. And then, boy does it go.
The second berry, the one in September, was the key moment, supported by all those positives ... a whole host of small but powerful looking bottoms, and, earlier, big energetic moves, and all those bottoms in July and August making a higher bottom, and, before that, a massive higher top, and, in fact, a smaller higher top ... and then prices never returned to the berry price, it's as simple as that. So, if they had, you could have said "trade's off," no harm done. But they didn't.
The story continues, because now where are you selling? I mean, the story definitely goes on.
