16.34% ROI shorting REM
A clean weekly settlement below the TEAL structure triggered this trade.
The STOP above was identified by locating where the "exchange of power" occurred.
The TARGET worked its way down the ORANGE channel to find support where the advanced target was calculated off of.
Trend favoring, 1%+ confirmation, Opportunity to advance STOP as trade progresses, Reward grows with time, Below the 200 day SMA , Reward > Risk
This trade checked all the boxes for me and I wanted to share with you all the setup that I personally look for in order to put my hard earned money to work.
The STOP above was identified by locating where the "exchange of power" occurred.
The TARGET worked its way down the ORANGE channel to find support where the advanced target was calculated off of.
Trend favoring, 1%+ confirmation, Opportunity to advance STOP as trade progresses, Reward grows with time, Below the 200 day SMA , Reward > Risk
This trade checked all the boxes for me and I wanted to share with you all the setup that I personally look for in order to put my hard earned money to work.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.