Personally, I would be very careful of that $256.46 area, close of 2014-10-09 candle as it represents a strong Supply zone with that big gap down. But, there is plenty of room for a nice profit before getting there.
jg2041
⋅
I should have said your terminology, rather than language!
jg2041
⋅
One more Q please, When you suggest buy off 245; do you mean if it gets to 245 intraday OR once it closes at 245 or below and then buy the bounce off 245? Sorry, I am new to your language and trying to clarify. I hope you do not mind, thanks in advance.
Reallifetrading
⋅
Yes, if it comes down close to 245 intraday and bounces (which it did already). The green 248.25 is the bullish swing trigger. :)
jg2041
⋅
Thank you for sharing great ideas and very informative material on Twitter. Great chart above, with all the old ones. Please may I ask a Q; what is the number in the green box above 248.25?
olivier8
⋅
really good one, unfortunately too expansive for me... :)