norok

Travelers (TRV) hits Major Support

Long
norok Wizard Updated   
NYSE:TRV   The Travelers Companies, Inc.
I had an alert set for Travelers TRV that hit this morning. It is the 50% Retracement Support on the Daily for the last 2 quarters of price action. This sets up a good long to retest the high should the level hold.
Trade closed manually:
The day after entry price passed my stop alert level. The following day it pulled back to the entry Support which provided the breakeven exit.

When price does a clear failure to hold a level I do not want it anymore. Anything can happen... but the violation is a bigger danger of price passing the level and entering "The Valley of Risk"

"Be to others the person you needed to meet 10 years ago"

Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: www.youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.