Tuesday, May 19, 2009

2009-05-19: XLF的intraday analysis, Down channel formed, more down side ahead

ok, look at 3min chart, see how should you benefit from the analysis.
If you can not trade this volatile market, step aside, do a bigger picture.
One thing need to consider, conflict pattern means more shaking around.
Technical always in play, chasing pattern should look for obstacle on the way of profit target.

Have faith in your analysis, lay stop order in front of entry.

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