The assortment of right shoulder formations is showing on the above chart.
The FED move should take market higher in Leg-A to 0.90/0.9060 in a Leg/A.
Note the flag formation (marked wedge) in the current market eruption.
Buy <MRK>, stops 0.8550 (to avoid volatility) on FOMC day, and take targets 0.90/0.9030 -Wednesday Night (Powel conference).
Profitable Trading
Summerset
The FED move should take market higher in Leg-A to 0.90/0.9060 in a Leg/A.
Note the flag formation (marked wedge) in the current market eruption.
Buy <MRK>, stops 0.8550 (to avoid volatility) on FOMC day, and take targets 0.90/0.9030 -Wednesday Night (Powel conference).
Profitable Trading
Summerset
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.