1/19/2018 - Inverse Head and Shoulders. Expecting some balancing between 18.25 and 19.30 then a break to the upside with target of 21.00.
Swing Trade - this will take some time to develop.
Trade active
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Yesterday we had a good day that started making this trade already profitable. Target has not been reached and resistance at 19.75 has not cleared yet. We may get another counter rotation down to VolumeProfile Point of Control at 19.00.
Breakout might be closer than expected. Target continues to be 21.00.
Comment
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Still holding, but will sell if it gets below 18. Today it opened at the Low Volume Node and I need to see rejection (price moving up) in order for long plan to stay active.
Trade closed: stop reached
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Closed at a loss. KMI is not catching any upward momentum.
What is the get out point? If this breaks below 18?
Investorito
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@bluemagic2442, For me, I have an alarm at the Low Volume Node of 18.30. If it crosses below this LVN and does not seek rejection then price might start moving towards the High Volume Node of 18.00. At this point the long theory will be rejected.
Thanks for catching, I think I need to start documenting my stops better.