first off you need your exit plan i.e. stop, for a swing I'd
probably put it just below that 3.20 area last higher low. if you
are trading off weekly charts the really higher low would be at
3.05. Remember to utilize multiple time frames when you can:
weekly, daily, 60 min, 15 min are good combos IMO. So if you are
already long set a stop.
Now for the bulls we want to see price advance and clear out
this congestion zone around 3.50 and hopefully on some expanding
volume. Also you will want to see my moving average ribbon switch
to a bullishly stacked config.
great job at making your own charts especially that weekly.
Really helps you guys learn and get your own feel for the charts
when you take the time to mark them up
HI Matt, when you get
Posted by hstrader on 14th of Jul 2019 at 11:05 am
HI Matt, when you get a minute please suggest what you would do if you already owned this one IPI, thanks so much...
first off you need your
Posted by matt on 14th of Jul 2019 at 12:35 pm
first off you need your exit plan i.e. stop, for a swing I'd probably put it just below that 3.20 area last higher low. if you are trading off weekly charts the really higher low would be at 3.05. Remember to utilize multiple time frames when you can: weekly, daily, 60 min, 15 min are good combos IMO. So if you are already long set a stop.
Now for the bulls we want to see price advance and clear out this congestion zone around 3.50 and hopefully on some expanding volume. Also you will want to see my moving average ribbon switch to a bullishly stacked config.
great job at making your own charts especially that weekly. Really helps you guys learn and get your own feel for the charts when you take the time to mark them up
IPI daily chart