Broad Ascending Triangle Wave 4B

29 May 2020

Buy a coming retraction into wave-c of this ascending triangular formation.

place limit buy orders to accumulate 1.2 standard contract per $ 10000 account
Buy 10k @ $ 31.30
Buy 10k @ $ 31.40
Buy 10k @ $ 31.50
Buy 10k @ $ 31.60
Buy 10k @ $ 31.70
Buy 10k @ $ 31.80
Buy 10k @ $ 31.90
Buy 10k @ $ 32
Buy 10k @ $ 32.10
Buy 10k @ $ 32.20
Buy 10k @ $ 32.30
Buy 10k @ $ 32.40

TP @ $ 34 (Wave-d) SL / sell stop hedges @ $30.40.Position average $ 31.85 - Risk -$1.45/ Standard contract. Reward $ 2.15/ Standard contract

Take Care & Stay Safe

1 Haz 2020

Not

Keep limit entries as placed - Same TP.
There is still a possibility for a larger H&S or broadening top.

Take Care & Stay Safe

2 Haz 2020

Not

Nothing filled
Remove all orders & TPs
There isn't going to be a broadening top formation in the near while. - At least that's what I see.

Take Care & Stay Safe.