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Tr8dingN3rd
Nov 17, 2016 12:53 PM

ITB - Down Bevor Up Long

iShares U.S. Home Construction ETFArca

Description

A nice and clean zoom of the centerline to the upside.

But I expect a retest of the centerline.
From there I would like to go long...unfortunately there is no good stop for a directional play - means, I go with a options strategy (RiskReversal/ PutSpread).

Resistance at the prior breakout/zoom level (orange).

Patience...always have to be patient.
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