Here are a few horizontal levels I will be watching. I did enter a small portion of my long at $7.80, however given the current conditions of the sell off I am waiting until $6.94 - $7.26 range to enter again.
The 2nd area is where I will be paying close attention too. If we lose that... well thats bad.
As always, feedback and criticism is always welcome.
The 2nd area is where I will be paying close attention too. If we lose that... well thats bad.
As always, feedback and criticism is always welcome.
Trade active:
Target hit @ $7.80
Comment:
Stop Loss @ $6.83 based of the Tom Demark Strategy "Combo 13" on the previous week. Taking the full range of the weekly candle and placing it at this weeks low.