TSCO seasonal review

Alright folks, let’s take a look at Tractor Supply co ticker is T s Co. We’re looking at a potentially bearish setup here on Tractor Supply CO as you can see from our smart signal scanner, we have had a trade idea that starts on around Jan 19. Each year ends on or around Feb one each year 80% win rate to the downside average profit has been 6% Looks like we be almost 100% accurate with the exception of this small loss we had in 2020. Let’s take a look at the charts. Starting here off on the weekly to the left daily on the right, you can see that the daily chart is showing signs of exhaustion. So we’ll take a look over here at the weekly we’ve got a nice long trend line that started back from November of 2020. And has been respected all the way up to this point. Now we’re getting not just a bearish divergence signals as we can see down here on the weekly and we’re also getting those bearish divergence signals over here on the daily now here is that here is a intermediate term trend line, you know, these lows all the way up to this, this swing low here and then this swing low here. And we see that we violated that trend line and close below that on Friday. Now keep in mind, this is in the wake of when the markets sold off hard initially and then reversed and close on the highs of its days. But Tractor Supply co close on its lows of the day. Now one thing I’m also noticing, we’ve got pretty good support here coming in here about this 222 21 area. Also giving us a little bit of a head and shoulders top pot type pattern. And we also have the 123 pattern coming in as well. We’re looking for our first objective measuring from this to 40 down to 220 a $20 move. So that’s we’re looking for a first profit objective, down to the nice round psychological number of $200. And notice that that will take us right around in here to this area of structure wise this scenario structure because this was the last area where we were we cause the trend to change we broke out and created new highs so that a lot of things in play here. One seasonality bias seasonality bias, which has been accurate 80% of the time really good stats there. We also have a 123 top in the making and a head and shoulders top in the making as well. Finally, we have a trend line break we have intermediate term trend line break, looking for a move down to 2/21. You could consider risking here up here above 235 Or to 40 if you want that extra extra additional confirmation, you may want to wait for a break on the weekly chart over here break on this weekly trend line, still targeting 200 as first target. Now if you’d like to get a glimpse on how we look at these setups each and every day, approximately eight to 12 ideas each week with additional analysis and videos might drop you a link to a trial and I hope to see you on the inside