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[/et_pb_text][et_pb_text _builder_version=”4.12.0″ _module_preset=”default” global_colors_info=”{}”]Good day, Folks, today I want to bring your attention to T Mobile tickers, T m, ust in us. And I am looking at a weekly chart on the left hand side, a daily chart on the right hand side. But the thing that I want to bring to your attention is this potential 123 bottom pattern, which is one of my bread and butter patterns. So you can see we have a 123. And I like this for a couple reasons. So from a technical perspective, you can see that one, we have achieved the gap fill. So earnings, we had earnings right here that cause the price to go from 117, up to 125. And we’ve come back down and achieved that gap fill. And if you’ve been trading for any length of time, you know that gaps are filled 80 plus percent of the time. Now, we also have favorable seasonality. So we’ve got two pockets of seasonality here in the middle of November to the end of November, and again in mid December to the end of December. So when you see these kind of back to back, that gives it more strength to trade in the direction of its historical averages. So we can see that we’ve got an 86% win rate over seven years, and an 88% win rate over eight years respectively. So that is really good data to be looking for trades to the long side. So aside from having that good seasonal data, we have a one to three bottom. And this was flagged to me by my 123 scanner. So this is what brought this to my attention. I have a 123 bottom forming on the daily chart, but we like to add a little bit more Confluence to this just to help put the odds even further in our favor. And that is looking for pockets of structure on the longer term timeframe, and then waiting watching for those on the shorter timeframe, which in this case is the daily. So you can see I’ve got this area identified right here why because it was a cause a shift a change in short term trend, and then causes to break out to new highs on this large bullish bar. So this area becomes a pocket of support structure. So after tray lower tray lower tray lower, you can see the market has paused. The buyers are stepping in absorbing up some of the last remaining selling pressure. Now we don’t know if this is going to break above the number to go higher, nothing is guaranteed. But we do like this potential trade here and we are on watch. And that’s going to come in or above the 125. So what we do is we wait patiently for a break and close above the number two here, which is the 125 area. And then if we get that break and close preferably at least two closes above that area. That’s where we’re looking to step in how buying the stock or the underlying buying call options called debit spreads or selling bull credit spreads. If you’d like to sell credit spreads. In my case I do and look for a trade higher.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
