649bruno
Short

"Structure Setup" & Don's Trade-Map, ISIL, Part 2 Of 5

NASDAQ:ISIL   INTERSIL CORP
15 0 4
Here are the letters and what "TRADE-MAP" means to me (first the letters in TRADE):
1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
Now the letters in MAP:
6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance. There you have it: Don's personal "TRADE-MAP".

In part 1 we observed ISIL in a down trend. On the above chart there is a bearish pennant , sagging Ichimoku Cloud , weak indicators (top of chart), and, for now, the alligator is "sleeping", meaning the trend has not yet broken to the downside. In part 3 of 5 I will explain the Trade-Map elements in more detail. Part 3 of 5 will be on a 4 hour chart (where the details are more visible).
May all of your trades go well. Don.
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