Hey Gang!
Advanced Auto Parts (AAP) just triggered what I call a “woodpecker pattern” – and this is honestly one of my favorite structures in the world.
Look, this stock’s been beat up on the weekly chart. Most people are writing it off. But here’s what I’m seeing that they’re missing…
The daily squeeze just fired long. Perfect VP support sitting around 57. And a clear path back toward those previous highs around 70.
Maybe even $75 if it really wants to get going.
But here’s the thing everyone’s getting wrong…
While traders are messing around with shorter-term stuff, I’m going all the way out to October. Don’t even mess around with the shorter dead stuff on this one.
YOUR ACTION PLAN
This is a big daily pattern. It needs room to breathe.
My plan’s simple: Buy the pullback into support around $57, according to the volume profile.
Target the swing high at $62. Then stretch to 70 on the previous high. And if this thing really gets going? $75 on the Fibonacci extension.
But the timing on that $57 entry? That’s everything.
Click the image below to watch my video breakdown on AAP:
After watching you’ll know:
- Why the “woodpecker pattern” is my go-to setup for moves like this • The specific October calls I’m watching (and why longer timeframe matters) • How to time that $57 pullback without getting chopped up • The Fibonacci levels that could take this to $75
The daily squeeze fired. The structure’s there.
Don’t let this setup fly without you.