james16 Chart Thread
some recent talk on combining bars I do it from time to time to Here is a trade I just closed out myself with a 2 day BUOB Notice price is at a major previous resistance area long term at the $20 mark Price creates divergence, breaks a major TL and BRN and gives us good 2 day buob Take profit at logical previous support area {image} {image} {image}
) whats your opinion on this chart. Do you/ How do you trade a potential breakout to the upside that is trading down into a BRN like this one ?
Chart im currently watching. Mike (as usual
{quote} Hey Dan I would draw it the second way you did as well Now it's a mater of watching for more signs. That could be a big exhaustion before the breakout, or consolidation into the breakout. Both are ideal for me. Of course if it starts to creep under the BRN too far away from the pattern it could move down lower before potentially rising back into that descending tl. It's a good one to throw on the watch list and wait Best Mike
{quote} Cheers mate, always interesting reading your view on the charts
