November 7, 2012
- in Uncategorized by schooloftrade
Mini-Russell Futures Anchor Chart Prep:
We have a
short term bearish price-channel, with a short term bear price-wedge. We are in the middle of the trading range so
we need to be patient. We have double-bottom
resistance starting at 828.5 and trigger-zone resistance at 834.5.
short term bearish price-channel, with a short term bear price-wedge. We are in the middle of the trading range so
we need to be patient. We have double-bottom
resistance starting at 828.5 and trigger-zone resistance at 834.5.
Our day
trading strategy for the Mini-Russell is to buy with new higher-highs and take
profit at the price-wedge highs around the 828.5 resistance. If we get to the highs of the price-wedge we
now have the high-percentage-trades for a bear price-channel and a bear price-wedge
by selling these highs.
trading strategy for the Mini-Russell is to buy with new higher-highs and take
profit at the price-wedge highs around the 828.5 resistance. If we get to the highs of the price-wedge we
now have the high-percentage-trades for a bear price-channel and a bear price-wedge
by selling these highs.
