1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based...
As with all the other us energy stocks we have been following they're all in a corrective structure.
Like all the others Sunoco is currently in a corrective structure. One option is to sell off the bounce of the top of the triangle. Alternatively we will be waiting for a break of the lower trend line. Once it breaks we will be watching on a lower time frame for...
below 50/below 8 ema goal line see iour book on amazon why goal line is crucial/large red days/cci and percent r at bottom/relative strength weak /macd and stoic crossed/ always protect with buy stops/below 200