Screen Shot 2013-03-01 at 3.50.41 PM

A violation of a major trendline is the first obvious sign of the Turn, which was confirmed by the sharp pullback test after the breakout, forming a long upper shadow and a clearly tell-tale price bar. A rough TP zone would be 1.2650, confluencing with a round number, prior swing support, and a measured move.

ALL YOU NEED TO KNOW ABOUT TRADING!

Hi, Spencer here! 😀

After making my first million at 28, and trading & teaching across 60+ countries, I have consolidated my knowledge and experience to create the most comprehensive & practical guides for profitable trading, compiled from thousands of books, websites, courses, and interviews with professionals.

As a former professional trader in private equity and proprietary funds, I have over 15 years of market experience, and have been featured on more than 20 occasions in the media.
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply