That took guts to enter on that bar. I trade a 5-min chart, on price action, using Heiken-Ashi candles....volume is strange today..all selling pressure but at a certain point, this entry may work as the shorts will buy-to-close, and upward pressure will begin. This is what I am looking for a better entry. Then, the question is: counter, or trending? Time will tell. Interesting website, Carl.
Carl,
ReplyDeleteI agree with your call here. I went long UPRO at 142. I expect at least a bounce into the 1115-1130 SP cash range, and likely higher.
We might drop a bit from here, but time is on my side - we are going up in the mid-term.
Once again, thanks for all of your help and insight.
That took guts to enter on that bar. I trade a 5-min chart, on price action, using Heiken-Ashi candles....volume is strange today..all selling pressure but at a certain point, this entry may work as the shorts will buy-to-close, and upward pressure will begin. This is what I am looking for a better entry. Then, the question is: counter, or trending? Time will tell. Interesting website, Carl.
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