Friday, May 13, 2016 6:54:10 PM
Chart up date;
The retrace bounce happened as hoped for, so we now have a target price for a successful flag pattern continuation. The Rule of Thumb for this type of swing trade play is odds for success is greatest after top resistance is broken. Entry before increases risk.
PS; if you remember my last chart, todays bounce happened before 50% FIBs. Thus it bounce at 38% retrace. Who's Rule of Thumb calls for top resistance break on this bounce move.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122603619
This supports the odds of a successful flag pattern.
The retrace bounce happened as hoped for, so we now have a target price for a successful flag pattern continuation. The Rule of Thumb for this type of swing trade play is odds for success is greatest after top resistance is broken. Entry before increases risk.
PS; if you remember my last chart, todays bounce happened before 50% FIBs. Thus it bounce at 38% retrace. Who's Rule of Thumb calls for top resistance break on this bounce move.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122603619
This supports the odds of a successful flag pattern.
Welcome to my mind!
Success to all
IHUB http://investorshub.com/boards/board.asp?board_id=3972
http://youtube.com/lowtrade
Educational Board
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
