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norok
Mar 13, 2023 2:59 PM

Travelers (TRV) hits Major Support Long

The Travelers Companies, Inc.NYSE

Description

I had an alert set for Travelers NYSE: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"
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