The Trader's Perspective

[Sendme]

XXII for what it's worth, this is a great example of what I hope to see out of some of the charts I post that are starting to bounce off the overall fib .786. The best place to be in is when the price finally breaks above the long term resistance, that is when the price moves fast and up big.


This is the weekly chart with fibs and resistance levels as profit targets



Here is a break down since the break of the resistance line. Notice that there are also times when it is good to add to a position as it continues to go up. That takes mental toughness and trust in the charts!! Averaging up, what a concept, so used to averaging down. Not a fan of the latter although I find myself doing it too often.