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...
The ALSI top40 Sep-18 futures contract will roll over to its dec-18 expiry tomorrow 20th sep.
Trading Idea right now is that the 49800 technical 60min support level will attract buying for the market to get option hedgers that took trades short below 5000 to buy back above 50000
by FCO closing price
I have initiated a long position at 49600 on September 17th...