Consolidation - Triangle Forming, first looking for 1300

Currently long to 1300 with a possible move to 1330 at which I will short while most scream for "LONG to 1480 etc "

I see a period of consolidation coming especially with the November election around the corner.

Triangle's Galore!

Comentário:

It's 11/1/16 I closed some long for a profit and I added some short at 1286 for a retracement because we are near the 50 FIBO just for a scalp, my original position is still long 1313-1328 I am waiting to exit and enter a short at those levels to follow this plan.

Comentário:

took some profits at 1305 since we were at the 618 fibo, still long looking for 1316 and possibly 1328 I will enter multiple shorts around those levels.