Swing Trading: Managing a Weekly Trade
We left Santos (STO:ASX) with a signal to enter a short position, based on an ABC trade on the weekly chart. The original trade indication came on the week ending 18 June, as follows: Chart 1 ABC Weekly Short Trade click here to enlarge Point C came in right on the 50% level of the range as indicated in Chart 1, and was a 62% retracement of the A-B range. On Monday 21 June the market pushed 2 …
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