DislikedHi Gilben,
Well spotted...
Will actually pointed that out last Friday as a potential long cable in his daily webinar....Ignored
Hi Gilben,
I am not saying this is a good or bad trade, I am only sharing an idea with you by expanding on your post (your question) by providing an example of a concept. The concept is to find places on your charts where entry techniques can be applied with low risk and deadly accuracy.
Let's say that you had already made a decision that the zone you marked up was good for a long entry on pullback based on your market analysis.
At that point, you still may need an entry technique/trick to get into a trade. Chart 1 shows that the level held. Chart 2 (blue arrow) shows an example of how you might do this. For example, you may decide an entry long off the lower channel line is good to go once the channel enters your entry zone.
Again, this is only an example to more fully answer your question.
d