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Hello, hello, hello everyone. Happy
Sunday and welcome to another episode of
the trading playbook. My name is Landon
here with Verified Investing. If you
haven't seen yesterday's episode yet,
please
stop, save this, and go back watch
yesterday's episode and then come back
so you know what I'm talking about. But
before I go any further, guys, please
consider liking this video, subscribing
to the Verified Investing YouTube
channel, and leaving me a comment down
below. I read all of the comments. Thank
you guys so much for your really, really
kind comments. Let me know what you want
me to cover next and what has worked,
what hasn't worked.
But yeah, I hope you guys are doing
well. Have a good had a good
weekend.
But
we know what we came for. We I know what
you guys came for. You came for trade
setups for this upcoming week and the
future. So let's hop right into it,
shall we? Let's hop into this week's
plays. I'll go ahead and share my screen
for you guys.
And as you can see right here, what were
we talking about?
Bull and bear flags. And just as a
refresher, I'm going to demonstrate it
really, really quick in case you don't
remember. So bear flag, you're looking
for something like this. Some sort of
down move followed by
you know, upwards to sideways
consolidation, then you look for the
break lower on a break of basically the
pivot, right? So that is bearish and
then bullish
kind of a up move here,
then downwards to sideways consolidation
and look for a break to the upside once
this kind of down sloping
um
parallel channel kind of breaks to the
upside. Now, it doesn't have to
necessarily be a parallel channel, but
as I said previously, I love to use
parallel channels just to kind of
uh
help help you understand direction and
then look for a breakout afterwards.
Right, so that is a bull and a bear
flag.
So, let's hop right into plan A, which
is TRMB.
Trimble. Now, something very
interesting, depending on what you're
looking at in terms of time frames,
you'll have something different. So, you
could argue that, "Hey, Lon, look at
this. It was an awesome kind of bear
flag. You had a down move and then kind
of sideways consolidation, right?"
And then we had that great move lower,
right? However,
and right here you say, "Well, what is
this? I don't even know what to do with
this. Could it be kind of a bull flag?
It's a kind of down sloping, is it a
bear flag? What's going on?" Well, when
we're going into the daily chart, you
see a couple things and that's why I
love this setup so much. You have kind
of a up move and a downward sideways
consolidation, kind of making that nice
little pattern there. Additionally,
right, you can we can just use this
again. I'm just using this to indicate
direction, general direction we're
moving in. See a downwards thing,
downward kind of pattern favoring a move
higher,
but also this is going to be a
multi-factor trade. We have that
beautiful inverse kind of head and
shoulders pattern. However you want to
draw this, right, inverse head and
shoulders pattern, left, head,
uh right shoulder, right? So, tons and
tons of factors here, looking like,
"Hey, this could potentially bounce."
Now, how do we play these flag patterns?
Um where do you get in for a long? Where
do you get in for a short?
Uh well,
this is what I'm looking for, right? I'm
looking for a break up above this pivot,
$54.54.
Right? If we can get a close on the
daily above that, for me, that's that
flag pattern activated, and then maybe
we can see move higher,
right? Um
come up, see a move higher up towards
that $60
level. So, that's plan A, the first
trade that I'm going to be targeting
this week.
Now, let's head on to plan B, which is
ACN, Accenture, right? Now, ACN, taking
a look at this pattern, it's
pretty obvious what it is, right?
You can see a clear, beautiful down
move, and then sideways to upwards kind
of consolidation, actually favoring a
move lower. You can say, "Baloney, it's
beaten up on the chart." It is beaten up
on the chart, right? But, this pattern
is still 100% absolutely valid. If I go
down here to that daily pattern, it
really comes to life. You have a
beautiful kind of upsloping parallel
channel, kind of what we're looking for
here on these kind of flag patterns. And
look at this, guys. Should this,
you know, eventually break
either the parallel here, or you're
looking for potential break of this
this 118 level here,
you could see significantly
uh lower downside, right? But, we need a
couple things to happen. First, we need
this parallel to break and then right
here this 11850 level. If that breaks,
that's your signal, "Hey,
this is a good opportunity to
potentially go short on Accenture."
Right? So, we'll we'll see what ends up
happening, but um this pattern is
really, really nice on the chart. And
then finally,
A-lab, what a beautiful pattern and this
is one that's actually just starting to
potentially break. Now, before I go any
further, pause it here.
Try and find it for yourself.
All right, you might take a look at this
and say, "Is that a head and shoulders
pattern?" Well, what do we know about
head and shoulders patterns? It has to
be up-sloping neckline, so no, it is not
a head and shoulders pattern. However,
let's go here, grab this.
What do we have here?
A down move
to upwards to sideways consolidation.
Beautiful. And look, it's beginning to
break right here on ALAB. And on this,
let's go ahead and use that parallel
tool I love so much just to kind of say,
"Hey, look at this."
That kind of uptrend has broken. So,
first thing to fall, that beautiful
up-sloping parallel channel. What's the
second thing that needs to fall? We know
the bottom of that flag, that 289 level,
should it close down there on a daily
basis. That is my go, go, go shortable
level. And as far as a measured move,
you can do a couple things, right? You
could potentially use that flag pole we
talked about,
which would be about $200. Now, I don't
think this is going to fall $200, but
let's say 25 to 50% of that level, maybe
you could see price action come down
and beautifully line up, you know, to
maybe 244. About a 15% profit at this
beautiful gap fill here from uh the 19th
of May. That potentially could be uh
your uh area for take profit, okay? So,
again, ACN, if it breaks, that's your
short. TRMB, if it breaks to the upside
here on the daily, then that's your
signal to go long. And ALAB, if it
breaks to the downside and it closes
below, that's your signal to enter a
short. Or, frankly, you could even enter
a short now. Just play with a with a
nice stop. All right. With that being
said, guys, that's all I have for you
today. Again, my name is Lawton Ho,
you're with Verified Investing. Thank
you so much for watching this video.
Please comment, like, and subscribe. Uh
I really appreciate you guys being here
with me and uh and watching these
videos. It really, really helps us out a
lot. With that being said, I hope you
have a wonderful rest of your weekend.
Go spend time with your family
and loved ones. Hope you have a great
rest of your day. I'll see you next
time. Bye-bye. That's the Trading
Playbook. Today's episode was your film
study. The principle, the pattern, the
framework.
>> [music]
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