Better Profit Taking Inside Consolidations

NYSE:UNH   UnitedHealth Group Incorporated
My last trade in UNH highlights an example of where I look for targets especially within a mid consolidation. When looking at a past high as a potential take profit target often times price will miss the actual proper high. The more conservative and higher probability place to take targets (or look for reversal) is the 50% within the reaction off the last high: the short term price action where price fooled around to create the high. -UNH

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

Discord Trading Community:
Twitter: @noroktrade