Long-term uptrend and transitioning back to upside after extended pullback.
Reward:Risk is close to 4:1 based on a conservative target. Can also use ATR Stops as a trailing stop loss. When price closes below line, place stop loss just below the low of that day.
Reward:Risk is close to 4:1 based on a conservative target. Can also use ATR Stops as a trailing stop loss. When price closes below line, place stop loss just below the low of that day.
Nota
Still waiting for beak above Dec. 29 high. If that doesn't occur, no trade.Nota
Because the trade didn't trigger at the designated area, and then dropped, the entry point will likely drop also since we may get a consolidation a little lower. As long as this pullback consolidates above $33, watch for a new consolidation and upside breakout. That is the entry.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.