Description
⋅ Sometimes live can be simple.
This trade is simple to me.
Let's examine it:
1. Over all Indexes are not favoring the long side.
2. Price reached the Center line and get pushed back.
3. The Divergence in the RSI is significant.
...and the rest is Risk & Money management.
My stop goes a couple points above the last high.
But I probably play it with Options and give me at least 100 days to expiry (DTE).
Simple enough? §8-)
Happy trading folks.
Comment
⋅ Comment
⋅ Divergence has expanded.
Now Google is coming down:
Comment
⋅ Comment
⋅ Yes, we are on the way to the L-MLH.
But in between we will have bounce.
Don't be a Pig. Take partial profit where it makes sense.
I'm pretty sure there will be some re-entry points.