ADBE, WAT, SP500 7 Timeframe Ichimoku Email Alert for the week ending May 27

ADBE SP500 7 Timeframe Ichimoku Email Alert for the week ending May 27.  On May 23, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

2305_7TF_ADBE_BO_Alert

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a Breakout trade on a 4h time frame provided by eSignal.   Here is the chart setup:

 

2305_7TF_ADBE_BO

We will need to set the preserve mode at 1:1 reward risk ratio. Entry is 99.17, Initial stop is 94.09 and since ADBE is on an all time high, there is no next resistance level yet. We will have to set our Preserve Mode at 1:1, which is 104.29. At the time of writing, ADBE is at 99.39.

WAT SP500 7 Timeframe Ichimoku Email Alert for the week ending May 27.  On May 24, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

2405_7TF_WAT_PB_Alert

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a Pull back trade on a 1h time frame provided by eSignal.   Here is the chart setup:

2405_7TF_WAT_PB

As per our trading rule, we will need to set the preserve mode at 3:1 reward risk ratio. This is a 30m/60m/240m iMTF Pullback Trade. Entry is 136.24, Initial stop is 135.70 and our Target at more than 3:1, which is 138.05. At the time of writing, WAT has yet to trigger our Pull back entry level.

 

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.

 

About the Author Eric Chai