Stops above last local highs.
Let's see how they evolve.
Targets are blue boxes. Entry in light red, stops at hard red.
Let's see how they evolve.
Targets are blue boxes. Entry in light red, stops at hard red.
Comment:
Ok, the entry point was too early. I'm trying to model a new possible reentry on this pattern. Stops hold the action for now. Let's see how DOW evolves too.
Comment:
Short again at 2774, same stops. Low volume rally might indicate it is really hard for the index to break that previous high on 26th feb. Let's see how next week develops. Remember to place your stops accordingly since we are dealing with high risk here, it is against the major trend.
Trade closed: stop reached:
Stopped out, wrong call. Time to re-analize and wait for a new idea on this market.
Comment:
How funny, it just triggered my stops and then went down. Bad timing. Well played, S&P, well played.
