I just exited half of my position on Soybean because we are hitting the resistance. This being said, I am still bullish and I want to explain my plans according to the different scenarios that I see.
Scenario 1: Price could go straight up to the next resistance, in which case I will have left some money on the table.
Scenario 2: We bounce to the downside from the current resistance and I get to buy again with a better price while using a wide stop below the previous neckline of the reversed head and shoulder. For this scenario I can either buy the falling knife or buy a breakout from a continuation pattern that might form. We'll see.
Scenario 3: Price pierces through resistance conservatively and tests the zone, at which point I can a) buy back on support and/or b) buy the breakout of a continuation pattern like a flag or a pennant.
Scenario 1: Price could go straight up to the next resistance, in which case I will have left some money on the table.
Scenario 2: We bounce to the downside from the current resistance and I get to buy again with a better price while using a wide stop below the previous neckline of the reversed head and shoulder. For this scenario I can either buy the falling knife or buy a breakout from a continuation pattern that might form. We'll see.
Scenario 3: Price pierces through resistance conservatively and tests the zone, at which point I can a) buy back on support and/or b) buy the breakout of a continuation pattern like a flag or a pennant.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.