Technical Trades Technical Analysis applied to Stocks and Futures.
ELN
The next opportunity.
3 Responses to “ELN”
[…] Nice pop from yesterday’s perfectly timed entry. Note the fresh low risk good reward entry presenting now, with inverted head and shoulders pattern. Buy the R shoulder or wait for the neckline break to buy. One could also wait for a double bottom entry with tight stop under for an even better r/r. […]
Stop to even or just under today’s low would be wise now considering the inverted SHS type pattern intraday today. Failure at today’s low would be a bearish thing and reason not to hold the earlier entry and slip into the slope of red hope.
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[…] Nice pop from yesterday’s perfectly timed entry. Note the fresh low risk good reward entry presenting now, with inverted head and shoulders pattern. Buy the R shoulder or wait for the neckline break to buy. One could also wait for a double bottom entry with tight stop under for an even better r/r. […]
Technical Trades » ELN pop - July 3rd, 2006 at 8:17 pm
+3% from entry.
spikefader - July 4th, 2006 at 1:52 pm
Stop to even or just under today’s low would be wise now considering the inverted SHS type pattern intraday today. Failure at today’s low would be a bearish thing and reason not to hold the earlier entry and slip into the slope of red hope.
spikefader - July 5th, 2006 at 2:46 pm