January 25, 2013
- in Uncategorized by schooloftrade
Mini-Russell Chart Prep
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| Mini russell Chart Prep |
We can see
the Mini-Russell is trading just above the highs from Thursday, giving us two
potential set-ups to consider. First, if
we see new higher-highs we can use the Wave Set-Up to enter long. Second, if the buyers fail above the PHOD we
will sell short using the InsideOut Set-up below the PHOD at 903.1.
the Mini-Russell is trading just above the highs from Thursday, giving us two
potential set-ups to consider. First, if
we see new higher-highs we can use the Wave Set-Up to enter long. Second, if the buyers fail above the PHOD we
will sell short using the InsideOut Set-up below the PHOD at 903.1.
We can see a
bull price-channel and symmetry resistance overhead at 906.0 for an easy profit-target
on a long position, or an opportunity for a symmetry set-up short.
bull price-channel and symmetry resistance overhead at 906.0 for an easy profit-target
on a long position, or an opportunity for a symmetry set-up short.
We may see a
double-top but we need to see the swing-high at 903.9 (HOD) confirmed first.
double-top but we need to see the swing-high at 903.9 (HOD) confirmed first.
Our day
trading plan on the Mini-Russell is to sell short below the PHOD and to buy
long with new higher-highs above the PHOD, using the price-channel and the
symmetry resistance as a profit-target.
If we get short off the PHOD our profit-target is the low of the bull price-channel
and the PLOD at 891.0.
trading plan on the Mini-Russell is to sell short below the PHOD and to buy
long with new higher-highs above the PHOD, using the price-channel and the
symmetry resistance as a profit-target.
If we get short off the PHOD our profit-target is the low of the bull price-channel
and the PLOD at 891.0.
