Waiting on bull break and bear buy back at 8281-8320
As long as 4H pull back can hold above 8000, I will see it still as an ascending triangle.
Plan1:
set stop buy at 8320 (50%), target at 8500 (1/2 of position)
if keep going, let 1/2 position ride with 4H HL
if pullback volume small and hold support at 8300 buy more(50% of rest) and ride with 4h HL
if former an upper wick get out at any price at the next 4H bar
if pull back strong and do not hold above 8300, get out right away
Plan2:
Get in 25% at 8125, set stop loss at 8045; set stop buy at 8320 (50%);
if get to 8500 sell (1/2), let rest ride with 4h HL
if get to 8500 and pull back with small volume and hold support at 8300( all in), set stop loss at support
if pull back strong and do not hold above 8300, get out right away
201180730 1146
It is only the personal trading plan, not a financial advice
Plan1:
set stop buy at 8320 (50%), target at 8500 (1/2 of position)
if keep going, let 1/2 position ride with 4H HL
if pullback volume small and hold support at 8300 buy more(50% of rest) and ride with 4h HL
if former an upper wick get out at any price at the next 4H bar
if pull back strong and do not hold above 8300, get out right away
Plan2:
Get in 25% at 8125, set stop loss at 8045; set stop buy at 8320 (50%);
if get to 8500 sell (1/2), let rest ride with 4h HL
if get to 8500 and pull back with small volume and hold support at 8300( all in), set stop loss at support
if pull back strong and do not hold above 8300, get out right away
201180730 1146
It is only the personal trading plan, not a financial advice
when resistance is so clear, which has been tested so many times. I should choose plan 1. patiently waiting on bull buying the break and bear recover.