It's a pattern trade that I do. Failed reversals. SIX in a downtrend, 2 weeks ago closed above previous week's high (indicating potential reversal of downtrend) last week was a pause. If it goes lower, I'm on it. It may just be a rip higher, then my resting order will be cancelled.
I like for the market to show me where it's going before I join in.
I like for the market to show me where it's going before I join in.
(02-08-2020, 06:08 PM)fenders53 Wrote:(02-08-2020, 05:33 PM)NilesMike Wrote: Will get short SIX @ 37.65 if it comes.
Why wait?