A clean weekly settlement below the TEAL structure triggered this trade.
The STOP above was identified by locating where the "exchange of power" occurred.
The TARGET worked its way down the GRAY channel to find support at the slightly ascending BLUE structure.
Trend favoring, 1%+ confirmation, Opportunity to advance STOP as trade progresses, Reward grows with time, Below the 200 day SMA, Reward > Risk
This trade checked all the boxes for me and I wanted to share with you all the outcome.
The STOP above was identified by locating where the "exchange of power" occurred.
The TARGET worked its way down the GRAY channel to find support at the slightly ascending BLUE structure.
Trend favoring, 1%+ confirmation, Opportunity to advance STOP as trade progresses, Reward grows with time, Below the 200 day SMA, Reward > Risk
This trade checked all the boxes for me and I wanted to share with you all the outcome.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.