For members of the Traders Hub, I will post model book studies covering my two core trade setups:
A basing period featuring a key resistance level with smaller pullbacks in the base structure.
A breakout that comes back to retest the prior price resistance level that is now support, and forms a new “base on base”.
Maintaining a model book of successful breakouts allows us to look for common features across setups, and helps us spot future breakout candidates.
It also provides a mental template of chart patterns to watch for. I can tell you from decades of experience that similar patterns repeat over and over across different stocks and sectors.
A successful setup spans both technical and fundamental indicators. And today, I want to show you how to book partial profits and ride a longer-term uptrend with Carvana (CVNA).
