Any advice on proper HYG short trigger

    Posted by blayden on 15th of Jun 2017 at 11:46 am

    Any advice on the proper trigger price to short HYG in this wedge?  I shorted a little a couple days ago but want to add to it at the right spot.  Any advice is appreciated!

    blayden - on HYG simply

    Posted by steve on 15th of Jun 2017 at 12:23 pm

    blayden - on HYG simply trade your plan.  One thing to watch over time would be a lower high to form for another entry (possible HS type pattern)

    Hello Blayden- I've been been on

    Posted by matt on 15th of Jun 2017 at 01:13 pm

    Hello Blayden- I've been been on a webinar, just got off:

    Regarding HYG, if you are short, put a stop in place.  One place could be setting a stop at the highs, the weekly chart has a potential doji candlestick, so a stop could be set over the high. This is if you were already short.

    Or if you are not short, you can do what Steve suggested:  wait for a symmetry break then short the subsequent lower high!

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!