649bruno
Long

Ichimoku Cloud, Pattern Swing, Alligator: IWM/ RWM Follow-Up 2

AMEX:RWM   PROSHARES SHORT RUSSELL2000
18 0 1
The above is a 15 minute time interval. What you do not see is the trend was faster on a 5, 3, and 1 minute chart. On the shorter time duration charts the Ichimoku Clouds were moving up. If the IWM             is going to fall, a good way to "play" this move is RWM. In follow-up One I showed that the IWM             trend is down, so I bought RWM. I will try my best to explain the above Alligator trade, and how the combination trade works. The Ichimoku Cloud is rising ( bullish ), the Ki jun-Sen and Conversion Lines are rising, and above the cloud ( bullish ), the three indicators ( RSI , Vortex, Awesome Indicator) are all bullish . The dotted black circles are the alligator's teeth, and the lips and jaws opened as the trade day began 04-05-2016. The fractals were positive. A new uptrend began. Based on Fibonacci analysis, the target for RWM is $74 to $76. I hope you enjoyed this presentation. Yours for better trading, Don.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out