KO, Set buy limit order with other cancels other for target/stop, still learning. It opened higher today but the bears were able to bring it back down again which made it a filled green candle.
Buy Order: 43.50 Target: 45.50 Stop: 42.50 Time Frame: March 12th
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In the trade, lets see what happens the next few days
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Its fighting to stay within my range, can it pull through?
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Its getting close to the target, if I was playing it safe I would sell a portion or honestly the whole set today to lock in profits since it was bouncing around a bit. With that noted lets see how the next few market days ride out for this one.
Trade fechado: objetivo atingido
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My time frame has ended but I got close enough to my target so Im happy with the results.
I like it. How did you determine the buy and sell range?
Dem456
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@ChrisLan, Thanks! I was using the harmonic pattern and determined that the fib retracement from the A to B leg would stop around my buy order and it seems to have done so. The next question is can it sustain that support level, only time will tell.
Dem456
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@Dem456, Oh the Sell was also determined by just seeing this pattern before and thinking well since the candle I started on was a filled green candle,that means it has a push to reach that level again so i set it there to match that starting candle.