Simple, price at 52 week EMA, if we close under the mode this week, this will start a 16 week downtrend.
We can use an extremely tight stop producing a 27:1 r/r trade if we reach the extreme target.
Good luck!
Ivan.
We can use an extremely tight stop producing a 27:1 r/r trade if we reach the extreme target.
Good luck!
Ivan.
Comment:
Mental reminder: always fade moves against quarterly modes.
