After the news on Friday price spiked to try and get stops. For those short, stop should be above X so they are still in. Holding for the whole move.
Comments
Bordoc
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Am kind of thinking we gonna retest that trend line before moving down
TAS_is_Goliath_Capital_Growth
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Yes, there will be some kind of support. Check out Wyckoff Volume trading. It was a guy that in the 30's developed his method. What I see at the top is what he called Selling Climax, where all institutions go long, that's why you have that spike in volume, the big red bar at the bottom of the chart. Though the price whent up, it looks it went up on selling orders, so I think we are going to fall. It'll take some time to hit target, but I'll trail stop with space.
FxRanger
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I am agree with you .
TAS_is_Goliath_Capital_Growth
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Thanks Ranger
FxRanger
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in 5 weeks times, probably ....
TAS_is_Goliath_Capital_Growth
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probably more :), not in a hurry :)
TAS_is_Goliath_Capital_Growth
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And not in a straight line, with at least one big retracement