Chain Link Price Levels to Trade Off Of.
Updated
In my humble opinion an open above 31.50 on a 4 hour basis rallies Chain-link up to the old high of 36.93. Contrary to that point is an open below 30.00 {on a 4 hour basis} which could drive price down to the lower Trend Reactionary number near 27.00. Always ,Always, Always watch the follow through at these points!
Trade active
The open above the minor trigger level of 31.50 moved nicely up to the next TRN, a good natural reaction occurred and gave us a 4 hour close at 31.90. The market now needs to open above 33.45 for a rally to 35.70 and the an attempt at the high of 36.45ish.
Trade active
Should of posted in the last update..Stop is the same an open below 30.00 on a 4 hour basis.
"Experienced traders control risk, inexperienced traders chase gains. Always remember
There are only 3 rules. Rule number 1:- Protect Capital. Rule number 2:- don't forget rule number 1. Rule number 3:- Losing an opportunity is minor Low risk Idea 1st!
There are only 3 rules. Rule number 1:- Protect Capital. Rule number 2:- don't forget rule number 1. Rule number 3:- Losing an opportunity is minor Low risk Idea 1st!
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