May 18, 2012
- in Uncategorized by schooloftrade
Bullish AB=CD E-Mini Russell Trading Opportunity
E-Mini Russell gave us an easy buying opportunity when we tested the Bullish AB=CD on the 89-Range chart, and then using the 21-Range chart we found the short-term Bearish AB=Cd which gives us an easy final target on the way higher.
The AB=CD Pattern is an excellent way to identify where the price is likely to go next, where your stop loss is placed, and where your profit targets will be. We got long from 755.00 using a limit order and have two profit targets, first @ 758.0 and second @ 761.5 to complete AB=CD extension.