The chart below was the weekly Quiz on dshort.com, 8/18. Reflecting that numerous resistance lines were meeting at one price point. The “Power of the Pattern” was suggesting for investors to do what at (1)??? (see post here and answer). If you don’t want to look at the prior post, this was the suggestion, to Harvest at resistance….want to score on defense…good place to acquire the position!
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Below is an update on the TLT chart above…
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For those that are attempting to score on defense, the price action after hitting resistance at (1) looks very good so far and the BIG move today at (3) looks all the better!
Stop on TBF should now be a 3% trailing stop.
