ETE has been trading in a channel for over a year now, currently, it is near the bottom of the channel so I am anticipating a bounce higher into the channel.
I entered this trade earlier today. If the trade moves in my favor I will wait for two full days before moving my stop.
This is an aggressive swing trade that I will be placing early Monday unless the markets look extremely bearish. I am calling this an aggressive trade because of the obvious roadblocks that it will need to overcome in order to reach the target. Also because If I am triggered into the trade and it moves in my favor I will be quickly moving my stop loss up to...