US Wall St 30
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A simple high probability setup (R/R: 5.5+)

94
This is an attempt to use Andrews A/R techniques (reverse pitchforks or median lines) with a horizontal structural stop. The next green parallel is used as a runaway target.
Nota
Our entry level is now past the time-frame where price was expected being able to reach it. With the target still valid I would like to enter upon a second touch of the lower sloped parallel instead. The reason I need two touches (no touches has occurred yet) is so that I can place my stop below the first touch, and because the lines are not 100 % accurate and I wish to know how much the price will violate this parallel on the first touch.
Nota
Since price got pushed down so hard by news on the Korean missile launch, I managed to get it right above the original entry level and exit once we came back to the lowest green parallel.

Now however, the proper setup is developing and I am looking to enter at a new orange parallel.
syot kilat
Pesanan dibatalkan
I discarded the idea because of the stop size upon touch (and look how price went much lower). syot kilat

Penafian

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