Aug 11, 2015

Update

UPDATE: Closer look of the triangle... I am curious if it will work out. Anyway a long trade around 2070 and stop is below the yellow line less than 10 points... good risk reward for a short term trade I think.




Higher yesterday, but the move lower today is too deep for the bigger triangle which I was showing.... I see another triangle:) five waves for wave "b" triangle and a-b-c zigzag to finish the last leg for an ED. With a=c the upper trend line will be hit and as long as the price stays above 2068 the scenario is valid. I think this is a good risk reward setup with clear defined stop.
If SP500 moves below 2063 I will start looking for another patterns... I wrote that there is plenty of them at the moment:)
Posted by at

2 comments:

  1. addirigibAug 14, 2015, 6:49:00 AM

    This comment has been removed by the author.

    ReplyDelete
  2. addirigibAug 14, 2015, 6:53:00 AM

    Your technique is very nice and wonderful to understand. I can make my college journal myself. I have learned the ,online journalism
    writing courses and it is very useful to me.

    ReplyDelete

Subscribe to: Post Comments (Atom)