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This screen shows the levels generated by the Swallow Swarm script.
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Here we have a nice bullish ADX crossing signal at HORMEL FOODS Inc. with a risk reward ration of 2.5
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There is a nice short ADX crossing here. The most recent low of the uptrend at $21.91 was broken. So this makes the crossing very compelling for me. Target for this trade is about $19.50 and the stop at $22.51 which gives a nice risk reward ratio of 2.5. Let's see how the market plays this.
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DShort
This is a nice opportunity for a short trade based on the ADX crossing. Target for this trade is the support area around $ 1.52 and the stop is at the high of the previous bar at $ 5.81. It got a very good risk/reward ratio of 2.5.
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