Would you be able to tell which instrument this chart represents....???
Very well, IBM Corp is an American multinational technology and consulting corporation,
with headquarters in Armonk, New York . IBM manufactures and markets computer hardware,
middleware and software, and offers infrastructure, hosting and consulting services in areas
ranging from mainframe computers to nanotechnology.
I dont know the fundamentals of this Instrument, but Im trading THE CHART.
And this is how I'd do it
Trend is Down. Uptrendline BO and a selloff.
Additionally, a Measured Move Target Sees Price @ 130 Near Term.
I'll follow up with a Daily, and 4H charts, where I discuss Risk,Trade Entry and Management