Here’s A High-Probability Trade In Progress
It might not be our best
effort so far, but if you are a pattern reversal player,
it’s time to pay attention.
With most major indices and sectors doing some key daily chart testing today,
the TRIN at levels not seen since the mid-May lows, and 5-minute chart reversal
patterns setting up off of the fore mentioned supports–it’s also time to take
the trade.
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It would be nice if the first attempt always
worked, or for that matter–a second, or third attempt. But, if you’re not
willing to do the right thing at the right moment (and when things seem the
toughest)–then you might want to try another type of high-probability pattern.
Chris Tyler