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Re: DFRAI post# 349

Friday, 09/23/2016 6:24:52 PM

Friday, September 23, 2016 6:24:52 PM

Post# of 977
I don't let the overboughtness of the chart dissuade me from holding, in these cases I use the measured move concept and keep the position on. Measured moves are everywhere on all charts and timeframes. Others may view the chart as an inverted head and shoulders pattern with the same target. When these types of patterns exist at breakout the overboughtness just means everyone's buying or shorts are covering.