lowtrade

[lowtrade]

PS, on SBGI if you remember my video on single bottom bounces a reversal point is a strong resistance point. So looking at the over all mid term play. "V" bottom 1st target is a reversal candle and should be a strong basing/throw back point. Make sure to use 31.50 as swing trade target IMO and don't re-enter until the throw back high is passes on increasing volume. Where ever that price level may end at.

Because 31.50 single bottom reversal candle has strength and may allow a fake bounce, which doesn't continue past throw back high to 2nd target. If this make sense. Let me know if you don't understand the trading logic for re-entry caution.