February 28, 2013
- in Uncategorized by schooloftrade
Mini-Russell Anchor Chart Prep
Mini-Russell Anchor Chart Prep |
We can see
the Mini-Russell trading just below the PHOD and the highs from over a week ago
which tells us that with new higher-highs we will look for both the InsideOut
Set-up short if the buyers fail, or the Wave Set-Up long if the sellers fail to
contain this price-action within the range from yesterday.
the Mini-Russell trading just below the PHOD and the highs from over a week ago
which tells us that with new higher-highs we will look for both the InsideOut
Set-up short if the buyers fail, or the Wave Set-Up long if the sellers fail to
contain this price-action within the range from yesterday.
 |
Mini-Russell Entry Chart Prep |
Our anchor
chart doesn’t give us much more than a sideways trading range that has
developed into a price-wedge and a major double-bottom which has produced resistance
overhead at 938.0. We will buy the lows
and sell the highs of this price-wedge so we are looking for a short position
on the Mini-Russell at this time. If we
do go higher to test the 938.0 we will likely see this early next week and will
be looking for a selling opportunity at that major resistance.
chart doesn’t give us much more than a sideways trading range that has
developed into a price-wedge and a major double-bottom which has produced resistance
overhead at 938.0. We will buy the lows
and sell the highs of this price-wedge so we are looking for a short position
on the Mini-Russell at this time. If we
do go higher to test the 938.0 we will likely see this early next week and will
be looking for a selling opportunity at that major resistance.
