timwest

Citigroup - 2 hour bars back to July high

NYSE:C   Citigroup, Inc.
2
The downward sloping trendline that I have drawn and placed arrows above the three touchpoints. I use the "HIGHEST LOW" to draw the line instead of the "highest high" in the rally. Why? Because that gives an earlier heads up when a turn is happening. Call it a "technical-tim-trendline", but otherwise it is an "internal trendline". The logic and the reasoning is the following: The earlier sellers should be more aggressive in the earlier part of a trend, so after rallies, the sellers should be there to drive the price back down. As the sellers back away and the buyers begin to take over, this method will pick up on the trend shift a bit sooner. The risk in a trade here is a drop back to $25 (-$1 or 4%) and the upside is to $28 (+$2 or 8%) from the $26 level now ($26.07 as of 1:04PM)

Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
免責事項

これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。