February 4, 2013
- in Uncategorized by schooloftrade
Mini-Russell Anchor Chart Prep
Mini-Russell Anchor Chart Prep |
The Mini-Russell
this morning is trading at the PLOD from Friday, which gives us two trading
opportunities. First, if we see new lower-lows
below 902.5 we will sell short using the Wave Set-Up. Second, if the sellers fail to move lower, we
will look for the InsideOut Set-up to buy the PLOD above the 902.5 and take
profit at the Midas Profit-Target and the PHOD 912.0
this morning is trading at the PLOD from Friday, which gives us two trading
opportunities. First, if we see new lower-lows
below 902.5 we will sell short using the Wave Set-Up. Second, if the sellers fail to move lower, we
will look for the InsideOut Set-up to buy the PLOD above the 902.5 and take
profit at the Midas Profit-Target and the PHOD 912.0
We can see a
double-top which was already disqualified because of the broken support levels
below it, and we see a symmetry support level at 896.0 using the most recent
swings. Lastly, we see a bullish price-channel
using the most recent highs and lows.
double-top which was already disqualified because of the broken support levels
below it, and we see a symmetry support level at 896.0 using the most recent
swings. Lastly, we see a bullish price-channel
using the most recent highs and lows.
Our day
trading plan for the Mini-Russell is to buy the PLOD as the sellers are failing
using our InsideOut Set-up. If the
sellers can push this lower we will sell short using the Wave Set-Up. Our profit-target for the long-side is the Midas
Profit-Target and the PHOD. The profit-target
for the short-side is the same Midas Profit-Target and the symmetry support at
896.0.
trading plan for the Mini-Russell is to buy the PLOD as the sellers are failing
using our InsideOut Set-up. If the
sellers can push this lower we will sell short using the Wave Set-Up. Our profit-target for the long-side is the Midas
Profit-Target and the PHOD. The profit-target
for the short-side is the same Midas Profit-Target and the symmetry support at
896.0.