jefftan
Short

AMPHENOL CORP : GAP CROSS-OVER TO LOWER BAND 1

BATS:APH   AMPHENOL CORP NEW
85 3 0
SHORT
FJ, you can all draw beautiful lines as long as you see nice touches on the ML and/or its parallels.

You can short at $79.65 with higher Rewards but may not get the price.

This is for advanced pitchfork traders and you are way ahead.

The reason you can do this is due to the strong gap down momentum and the long red candle on 18 July. Yesterday high of the pin bar failed to clear the high of 18 July. You can a straddle by having an OCO(One Cancels the Other) Order with a Sell Limit Order and have a Sell Stop Order that straddles on the top and bottom of the pin bar.

A surer and safer entry is using a Sell Stop Order.

You can only short below the pin bar at 78.06, stop loss can be just above the L-MLH at about 79.89 with sliding target on WL-1 around $72.80. This target slides upwards.
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Wish I could draw such beautiful lines as yours...
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APH has gapped below the L-MLH indicating a strong move down from $79.65 to $72.80. I would sugest an entry at $79.65 with a stop loss at $80.15 and a target of $72.80.
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