- Reverse H&S pattern finishing out, following very similar price action to the break down 1-2 weeks ago
- I expect the Gann Box to be filled to the 75% level on the down side as there is support around $188
- My entry is going to be between $188-195 as there is resistance at the $195 level. I will have my stop set at $184. On the reversal, there should be a quick shot up to $202-204 (where I plan to take profits on half) and then a break down back to $195-196 as that was the trend on the way down. At that $195-196 level I'll put 25% of my original allocation back in the trade and it should hit that $208-212 resistance (moving my stop loss up along the way).
Entry #1: 188-195, Stop loss @ 184
Exit #1: Sell 50% @ 202-204, stop loss moves up to 190
Entry #2: Add 50% to position @ 195-196, stop loss still @ 190
Exit #2: TP -50% @ 205-207, stop loss moves up to 200
Exit #3: TP -100% @ 208-212
- I expect the Gann Box to be filled to the 75% level on the down side as there is support around $188
- My entry is going to be between $188-195 as there is resistance at the $195 level. I will have my stop set at $184. On the reversal, there should be a quick shot up to $202-204 (where I plan to take profits on half) and then a break down back to $195-196 as that was the trend on the way down. At that $195-196 level I'll put 25% of my original allocation back in the trade and it should hit that $208-212 resistance (moving my stop loss up along the way).
Entry #1: 188-195, Stop loss @ 184
Exit #1: Sell 50% @ 202-204, stop loss moves up to 190
Entry #2: Add 50% to position @ 195-196, stop loss still @ 190
Exit #2: TP -50% @ 205-207, stop loss moves up to 200
Exit #3: TP -100% @ 208-212
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.