I realise all doom and gloom the main outlook for equities at the moment (I'm short S&P and ASX200) however got to stick to your system.
Range set 5.20 - 18.80 (Jul'07- Nov'08)
Broke out of range Jan'14 and now pulled back to ~50% fib at 12
Supportive trend line set up with 3rd point in Feb'16
Seeding pattern on the weekly
Looking for buy signal into 10-11. If we break below 10 then looking at an 8 handle to get long.
first potential set up SL 9.70 TP1 18.00, TP2 26.30
Range set 5.20 - 18.80 (Jul'07- Nov'08)
Broke out of range Jan'14 and now pulled back to ~50% fib at 12
Supportive trend line set up with 3rd point in Feb'16
Seeding pattern on the weekly
Looking for buy signal into 10-11. If we break below 10 then looking at an 8 handle to get long.
first potential set up SL 9.70 TP1 18.00, TP2 26.30
Trade active:
Long at 11.50, SL 9.73, TP1 16, TP2 18.5, TP3 26
Comment:
SL moved to entry
