Professor’s Comments 2nd Update October 15, 2019
Posted by OMS at October 15th, 2019
| The Model’s purchase of TBT is based on the Hockey Stick Pattern depicted on the 30 min bars. The pattern shows a 2 point stick that can be added to the Blade low near 24.84. This puts the target near the 26.84 level. However because of the larger pattern, TBT could move another point or more above the target level. I’ll keep you posted The Model chose to take this trade instead of one in he equity indexes because it has a more reliable pattern. h |
Not sure of the terminology we use? Check out these articles
The Hockey Stick Pattern
The Creation of Waves and Trends
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Category: Professor's Comments