Find us on Google+

Day Trading Course – Consolidation Pattern

 

 

Day Trading Course – Consolidation Pattern
7 26 20121 300x209 Day Trading Course   Consolidation Patternday trading course 2

Day trading course l 866-640-3737 l learn how to daytrade l Day trading education

Trading the S&P500 emini futures contract in the S&P500 day trading course live room.

Another consolidation pattern has formed and we are waiting for the outcome. Will it go for a continuation with the downward trend or will the buyers come in to test resistance on the upside?

At this point the support is being tested at the bottom trendline . If the sellers come in the first target is 1327.25. The next targets are 1325.25, 1323.75 and 1321.75. The outer target is the average range from closing at 1320.

If support holds buyers will come in and test resistance to the upside. The first target is 1336.50 at around the upper trendline. The next targets are 1339.50, 1345.75 and the outer target which is the average range from the close of the day at 1348.

Trade What You See

 Day Trading Course   Consolidation Patternday trading course 2

Post By Gigi (77 Posts)

Connect

Leave a Reply

This site and Money Maker Edge™ and authors do not offer individual financial, investment, medical or other advice. Nothing on this site should ever be considered to be personal advice, research or an invitation to buy or sell any securities. We also make mistakes and bad decisions sometimes, and our reasoning or data should be checked against trusted sources before they inform your investing decisions. Choices regarding how to invest your money or otherwise manage your life or finances are yours, we share only our analysis and opinion and all authors or commenters are individually responsible for the words and opinions they share here. Please read our important disclaimers and policies. Money Maker Edge™ is supported by subscribers and by sponsors and advertisers. Money Maker Edge™ authors Trade what they are writing about and should be assumed to have holdings.
Powered by WordPress All Content Copyright © Day trading course S&P 500 learn how to trade day traders. Day Trading Course|learn how to day trade|866.640.3737|live trading room Join our trading community.
Theme created with SpiderWeb Press™.