well...... i agree with both of you, do not think downside is
done but do think there may be a nice reversion to mean trade there
with a good risk reward and obvious trigger as shown, that may then
set up a lower high, for a second leg down....... have to watch and
see what we get,, thanks for posting :)
I reviewed this chart for ETN this past weekend by expanding it
to cover 2 yrs. It's been a 'nice ride' for long investors,
thus I think I will wait abit before venturing in, just
in case the downside is incomplete (using fibs). good trading.
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ETN
Posted by mla127 on 4th of Aug 2014 at 11:54 pm
A "BPT style" long off the bottom ...
well...... i agree with both
Posted by morgan8 on 5th of Aug 2014 at 09:23 am
well...... i agree with both of you, do not think downside is done but do think there may be a nice reversion to mean trade there with a good risk reward and obvious trigger as shown, that may then set up a lower high, for a second leg down....... have to watch and see what we get,, thanks for posting :)
then again
Posted by hazbin1 on 5th of Aug 2014 at 08:46 am
I reviewed this chart for ETN this past weekend by expanding it to cover 2 yrs. It's been a 'nice ride' for long investors, thus I think I will wait abit before venturing in, just in case the downside is incomplete (using fibs). good trading.