IF LONG, STOPS ARE BELOW LOW OF THE MOVE. NEW ENTRY FOR HIGHER TIMEFRAME IS ABOVE WEEKLY HIGH TARGETS AND "MANAGEMENT MODE" PRICES ARE ON CHART
15 minute Entrance..........Panic moves create opportunity....it all depends if you know where to look for it.
If you wait for "Confluence" your trading results will improve.You must be flexible as the markets are only a tool.
Forming into a triangle..... in which direction is Ferrari going?
STOP IS BELOW THE LOW ...DAY TRADE TARGET IS THERE... IF YOU ARE AGGRESSIVE .....
Liquidation day...these short term panic flushes typically get retraced...
Retest of the lows lead to a BULL Trap .....,Monster Flush..
WE ARE HERE.....STOP IS BELOW PIVOT....BREAK EVEN NOW FOR THOSE FOR MANAGEMENT PURPOSES.
Trading the patterns within the patterns......nothing perfect, just getting your hands dirty.
Stopped out on first entry at break even. ..........Re-entry Triggered......
PRICE ACTION ENTRY TRIGGERED....STOPS BREAK EVEN OR BELOW THE LOW OF THE ENTRY BAR IF FAILS TARGET.....POTENTIAL SHORT FOR AREAS OF INTETEST BELOW
There may be a good chance this goes up. Keep this in mind. This is a subsidiary IPO, not a fresh IPO trade. Stay nimble and trade smart,