November 8, 2012
- in Uncategorized by schooloftrade
Mini-Russell Afternoon Up-Date:
 |
| Mini-Russell Chart |
We can see
the bearish price-channel along with the bullish AB=CD Pattern which tells us
that when we trade at the lows of the price-channel and at the completion of
the AB=CD Pattern we need to look for buying opportunities.
the bearish price-channel along with the bullish AB=CD Pattern which tells us
that when we trade at the lows of the price-channel and at the completion of
the AB=CD Pattern we need to look for buying opportunities.
Our trading
strategy going into the close of the Mini-Russell is to buy this support level
at 792.5 with a final profit-target above us at 808.00 trigger-line and the PHOD
813.4. With that said, if these sellers
continue to hold control we will then sell short below 792.5 knowing the buyers
have failed, and remember not to sell short if we don’t have a lot of room
before we run into the price-channel lows around 785.0 so beware chasing after
the short side of this.
strategy going into the close of the Mini-Russell is to buy this support level
at 792.5 with a final profit-target above us at 808.00 trigger-line and the PHOD
813.4. With that said, if these sellers
continue to hold control we will then sell short below 792.5 knowing the buyers
have failed, and remember not to sell short if we don’t have a lot of room
before we run into the price-channel lows around 785.0 so beware chasing after
the short side of this.
