Trading Strategy:
I didn’t find many charts for position setup and I don’t have clear trading plan but I will follow DF. I like weekly/monthly consolidation after bounce from lows and look like want break up and it is important to follow monthly 10/20sma as key resistance areas. As always after setup it is important to see pace and volume and same will be with DF. I want see how will DF react on possible market selling pressure and after nice daily bounce best will be to see pattern before setup. For now ideas is for buy above $20 number resistance area and stop is under $17.50 area but trading plan I will post on time in the trading room.
I will send all updates and if anyone will have any questions feel free to contact me in the room or over email (ivica@ivicatradingcharts.com ).
Ivica
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