TradingView
sophia715
Jun 1, 2016 2:06 PM

Channel + Bull DVG? Long

S&P 500 index of US listed sharesFXCM

Description

Inflection area, cancel if channel breaks..right on level

Comment

taking some profit and setting tight stop in case of deep pullback
Comments
Quantum_Maryland_Capital
I have a similar channel and today's low hit serious resistance and a zone where you would expect buyers to come in after testing and retesting several prices. The low was also a 23.6% retracement based upon recent highs and lows and for those that took it it was a good trade. Glad you took it and I took it after seeing money coming in.
More