Ok, time to consider taking a long, I nailed the short before and now its looking to me like we could see a markup from the recent consolidation.
Possible inverted head and shoulders pattern, entry, stoploss, take profit 1 and 2 shown on chart.
@tradestation published an idea of a bull flag and I like that but think there is too much uncertainty in the markets to aim for a full bull flag target so I am settling for the pattern and targets shown on chart.
Possible inverted head and shoulders pattern, entry, stoploss, take profit 1 and 2 shown on chart.
@tradestation published an idea of a bull flag and I like that but think there is too much uncertainty in the markets to aim for a full bull flag target so I am settling for the pattern and targets shown on chart.
Comment:
dangerously close to the $49.50 stop entry, looks like it is getting stale and shadowed by adjacent markets.
Comment:
like I said in the update, "stale". I throw stale things away and would have rejected this trade on the 9th before it even got started.
Comment:
And the price action we just watched unfold after September 9th(the day I canceled this idea) is a prime example of why you cancel stale trades.
