
Continuing from the previous post. Look at the daily chart above.
We will see it now, at 4350 or whatever price we get on the
next open.
The stop loss will be half the big red reversal weekly candle
after the evening star doji. That is at 4400. We give it a
50 point cushion and place it at 4450.
Thus in essence we will keep a 100 point trailing stop
and hope to ride this down to wherever it ends. The first
target is the 62% Fibonacci retracement level of the
March to June advance, which resides at 3900.
Risk to reward is 5.5 to 1.

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