Intra-day set up as an ascending triangle, target was a measured move of the ascending triangle which coincided with a breakdown point from last Friday. Better entry was a re-test of the Open, which I actually bought but got stopped out of :/
Tuesday, May 10, 2011
ascending triangle
Been stalking GS for a few days now based on this triangle on the daily, in particular the potential for a false breakdown. Still potential on the long side for some short covering to trigger:
Intra-day set up as an ascending triangle, target was a measured move of the ascending triangle which coincided with a breakdown point from last Friday. Better entry was a re-test of the Open, which I actually bought but got stopped out of :/
Intra-day set up as an ascending triangle, target was a measured move of the ascending triangle which coincided with a breakdown point from last Friday. Better entry was a re-test of the Open, which I actually bought but got stopped out of :/
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