Is this a correct zline setup?
Posted: Thu Feb 20, 2014 1:59 pm
So I normally just read in forums and never post, but I was wondering if anyone would be willing to help me even though this topic has been beaten to death
In the chart above we had a bearish momo bar. Then we had the wick for loss into the mighty zone. Switched to 5min chart and had a double top. Sold at 91.60, stop loss is 91.80. Now is profit target the bullish momo with the solid red line through it at 90.50? Thanks to anyone that takes their time to comment.
In the chart above we had a bearish momo bar. Then we had the wick for loss into the mighty zone. Switched to 5min chart and had a double top. Sold at 91.60, stop loss is 91.80. Now is profit target the bullish momo with the solid red line through it at 90.50? Thanks to anyone that takes their time to comment.