lauralea

ABC Bullish

Long
ICEUS:KC1!   COFFEE C® FUTURES
95 views
Possible stop below 104.8

Not a recommendation
Comment: long entry after break out level with an uptrend

Comments

Highly possible ABC, why you entry @110.75?
Reply
lauralea colinxu1980
@colinxu1980, Becaue it is over R of red candle
+1 Reply
lauralea lauralea
@lauralea, But not all the way//I just think if it reaches that level it will go..algo point..often best on an abc pattern to pick your own level though as long as it is over BC trendline
+1 Reply
lauralea lauralea
@lauralea, 111.8 is probably safer
+1 Reply
colinxu1980 lauralea
@lauralea, Ok, great! Good Luck
Reply
lauralea colinxu1980
@colinxu1980, Has to break BC line with a confirmed uptrend.
+1 Reply
colinxu1980 lauralea
@lauralea, tks for your reply and what means for BC line?
Reply
lauralea colinxu1980
@colinxu1980, in an ABC pattern/look up above/there is a line connecting A to B and a line connecting B to C. The line B to C is called the BC leg..or BC trendline
Reply
lauralea colinxu1980
@colinxu1980, But it is very close to the level for a stop. Stop always goes under C
Reply
lauralea colinxu1980
@colinxu1980, This one has not broken the BC leg/trendline in a clear uptrend..looks like it is trying tho
Reply
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