*A monthly signal is not confirmed at this time as December's bar has simply bounced off a low. Follow-through higher next month and a close above this month's high will be necessary to confirm the pattern will continue.
*The Weekly timeframe is not confirmed at this time as price remains with lower lows and lower highs.
Moves of this nature, especially those that occur near the long-term trend average, can create monster rewards in our favor for very little risk. This is how we can combine all the timeframes to structure a very solid probability trade and a strong risk/reward.
The Monthly chart is the ultimate reason we like this stock; a pattern this consistent is one we want to participate in as often as possible. This is what it means to identify supply/demand in the market. The key is being able to see when a notable change takes place.
When a change like this occurs it pays for us to notice. We can take an earlier entry point in the blooming trend, then as further milestones are achieved we can expand our timeframe. Hopefully it can become one of those trades we hold for a long, long time.