Henry_Ross

Traditional|SJM|Long and short

NYSE:SJM   J.M. Smucker Company (The) New
Long SJM

Activation of the transaction only when the blue zone is fixed/broken.

The idea is to working out the support and resistance levels of the consolidation triangle.
*Possible closing of a trade before reaching the take/stop zone.

The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.

Blue zones - activation zones.
Green zones - take zones.
The red zone - the stop zone.

Working out the stop when the price returns to the level after activation + fixing in the red zone, breaking the red zone as the support level of the triangle and the channel.

Orange arrow - the direction of take.
Blue arrow - neutral scenario without activating the trade.
The red arrow - the direction of the stop.
Trade closed: stop reached