February 5, 2013
- in Uncategorized by schooloftrade
Mini-Russell Anchor Chart Prep
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| Mini-Russell Anchor Chart Prep |
We can see
the Mini-Russell as tested the symmetry support 896.0 from Monday’s prep,
giving you an easy entry long at the end of the day on Monday.
the Mini-Russell as tested the symmetry support 896.0 from Monday’s prep,
giving you an easy entry long at the end of the day on Monday.
Now we can
see the lows of the bull price-channel have created a bullish price-wedge using
the recent swing-high and we will now look to sell the highs and buy the lows
of this price-wedge.
see the lows of the bull price-channel have created a bullish price-wedge using
the recent swing-high and we will now look to sell the highs and buy the lows
of this price-wedge.
We are in
the middle of Monday’s trading range as of 900am EST (pre-market, open at 930am
EST) and we will look for the test of the PHOD or the PLOD for the InsideOut
Set-up and more high-percentage-trades.
the middle of Monday’s trading range as of 900am EST (pre-market, open at 930am
EST) and we will look for the test of the PHOD or the PLOD for the InsideOut
Set-up and more high-percentage-trades.
We look
closely at this anchor chart and we can see the new double-bottom at 896.0
which provides us with resistance starting at 903.0 and 905.0 overhead. We will look for price-action to stall and a price-reversal
to enter short.
closely at this anchor chart and we can see the new double-bottom at 896.0
which provides us with resistance starting at 903.0 and 905.0 overhead. We will look for price-action to stall and a price-reversal
to enter short.
Our day
trading plan for the Mini-Russell uses the double-bottom and the price-wedge as
our biggest clues. We will sell-the-high
at resistance and buy-the-lows at support of the price-wedge. If price breaks to new higher-highs we will
look to sell short at 903.0 and 905.0 depending on when we get the entry
trigger. If price makes new lower-lows we
will look for buying opportunities at the symmetry support of 896.0 and 893.0
below us.
trading plan for the Mini-Russell uses the double-bottom and the price-wedge as
our biggest clues. We will sell-the-high
at resistance and buy-the-lows at support of the price-wedge. If price breaks to new higher-highs we will
look to sell short at 903.0 and 905.0 depending on when we get the entry
trigger. If price makes new lower-lows we
will look for buying opportunities at the symmetry support of 896.0 and 893.0
below us.
