A Well-Defined Pattern Can Provide More Than Just An Entry
You can have all the technical
reasons in the world that point to an individual setup being the real deal–but,
it’s even more important to know where your ‘out’ is, just in case the trigger
is no longer being confirmed by the underlying technical condition.
12:55:05
Intraday Setup Alert
Halliburton (HAL)
is forming an intraday descending
triangle on the 5-minute chart after testing angular price resistance, and
the 50-Day SMA. HAL is up .72 at 29.91.
Keep the losses on your trades with edge, small and validated by the
technicals. If the conditions change again, you can always go back in for a
second try, and that’s something to always stick around for.
Chris Tyler