Potential outside week and bullish potential for RMS

By Ivory_Wolf
تم تحديثه
Entry conditions:
(i) higher share price for RMS above the level of the potential outside week noted on 30th August (adjusted with the incidence of the inside week the following week, allowing activation of the trade above the level of the range for that week, i.e.: above the level of $2.20, as depicted by the blue dotted line and accompanying text on the chart).

Stop loss for the trade would be:
(i) below the swing low of 27th August (i.e.: below $2.02), should the trade activate.
تم فتح الصفقة
UPDATE (week ending 13-Sep): Trade activated on 13th September depending on risk tolerance and opportunity to enter the trade at certain share price (since the share price gapped up with spot gold reaching all time highs). For those astute and able to enter at reasonable price towards the planned entry price during the day, this was reasonable - shall keep tracking for these purposes.
ASXasx200asx200longasxlongChart PatternsGoldgoldlongTechnical IndicatorsoutsideweekrameliusRMSSupport and Resistance
Ivory_Wolf
Detailed commentary about this trade available here:
- youtube.com/watch?v=FwSMOB5hMjY (Stocks and bonds - latest scans timestamped in comments)
- youtube.com/watch?v=rZXN3mR8QMc (Crypto review)

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