I am currently LONG with SHORT orders laddered from $5177- 5197... these orders will close my LONG & open a small/temporary SHORT position down to $5055-$5020 area of support.... I will have laddered LONG positions waiting price actions arrival. with the expectation of a wave 5 extension taking us to $56xx region of resistance, thus forming a (Bearish rally/'Gartly pattern') = aka. 'BULL TRAP'
DYOR, this is ONLY my unprofessional opinion..!!!!
****** This play will be monitored with various areas/indicators of confluence on 15min./1hr/& 4hour charts obviously,,,, this is a Swing trade Strat. Wave count & Corrective pattern is more appear ant on Daily ChART
DYOR, this is ONLY my unprofessional opinion..!!!!
****** This play will be monitored with various areas/indicators of confluence on 15min./1hr/& 4hour charts obviously,,,, this is a Swing trade Strat. Wave count & Corrective pattern is more appear ant on Daily ChART