SMCI Trade Example Using 1hr Chart (all charts were from twitter as trade unfolded)
SMCI triggered the 80% bullish rule* when it entered the Value Area for the week
Notice the automatic color change to green signaling the bullish 80% rule* is in effect
The upside target for the short-term trade is top of its Value Area, $923, which would be ~ +30% target
In just one day the upside short-term target was achieved!
Here is also a video breakdown of the trade Click here for Video breakdown
* 80% Rule Defined: Another trading rule from the pit traders, the 80% rule states that if price has been trading outside of the previous value area before that value area has been fully explored, and price then breaks into value, there is an 80% chance that price will continue to the other side of value. This works in both directions, bullish and bearish. This script will highlight when the market has triggered an 80% Rule
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