Fibonacci And A Bear Flag — An Example From Dell
Very quiet so far, volume is light.
I’m sure some traders are falling asleep right in front of the monitors. When
the market is inactive like this morning, don’t force yourself to trade. So
often, big losses are made in quiet, sleepy trading days. Be careful!
11:51:12
(From TradingMarkets TradersWire)
Dell Inc (DELL)
is starting to pull back toward the declining 15-period SMA on the 3-minute
chart. DELL is down 0.09 at 34.98.
I did not mention it in the alert, but this bear flag was
forming just below the 38.2% Fibonacci level. Also there was another selling
opportunity around 12:25 P.M.. It is always better to get multiple confirmations
before entering a trade.
Once again, if you can’t find attractive charts, don’t force yourself to trade.
If you have questions, feel free to mail them to me.
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