1) The last impulsive move was in early December on a run-up to all time highs
2) A normal test of the lows provided a good bounce
3) Price tried to trend, but the holidays are typically low volatility so it went back into trading range
4) A sharp drop changed the trend downward, but there wasn't any followthrough
5) Range expansion to the upside means we're trending up again!
Entry: immediate
Stop: $5 below entry
Target: staying with the trade until the trend changes
Stats use 100% equity per trade which comes out to ~3-4% risk, on average. That may be over your risk tolerance.
2) A normal test of the lows provided a good bounce
3) Price tried to trend, but the holidays are typically low volatility so it went back into trading range
4) A sharp drop changed the trend downward, but there wasn't any followthrough
5) Range expansion to the upside means we're trending up again!
Entry: immediate
Stop: $5 below entry
Target: staying with the trade until the trend changes
Stats use 100% equity per trade which comes out to ~3-4% risk, on average. That may be over your risk tolerance.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.