Nice, bull candle closed near highs,that resolved wedge with bunch of inside, choppy and noisy candles.
Lets see to what it leads, need to hold breakout point at $76.90.
As markets recent momentum remains neutral to negative and long-term macro picture in Wal-Mart is neutral it makes probability of this trade lower. I manage probability of trades with tier system. So, may initiate long trade above $77.50 with tier 1.
Lets see to what it leads, need to hold breakout point at $76.90.
As markets recent momentum remains neutral to negative and long-term macro picture in Wal-Mart is neutral it makes probability of this trade lower. I manage probability of trades with tier system. So, may initiate long trade above $77.50 with tier 1.