As we can see from the chart, UNP had dumped from the 168 down to 149 recently.
Then, these days, it seemed to retrace back to 157-158 zone - the old low of late August.
Moreover, the 157-158 zone is the 0.382 retrace if we connect the 172 high to 149 low; and the 0.618 projection if we connect the prior 180 high to 158 low and project from 172 high.
Now the price is at 156. We should wait until it reaches this 157-158 zone and creates a sell signal.
My strategy: Sell at 158 ( 157.5) SL at 160.
Then, these days, it seemed to retrace back to 157-158 zone - the old low of late August.
Moreover, the 157-158 zone is the 0.382 retrace if we connect the 172 high to 149 low; and the 0.618 projection if we connect the prior 180 high to 158 low and project from 172 high.
Now the price is at 156. We should wait until it reaches this 157-158 zone and creates a sell signal.
My strategy: Sell at 158 ( 157.5) SL at 160.