Trading Channel

Today’s new daily low, indicates test of the up-thrust reversal (below), is complete.

During yesterday’s open, as the initial minutes pushed action higher, a short was opened (not advice, not a recommendation).

As Linda Rashke just got done telling us:

‘You need to have the market available (for your position) to take or provide your ‘inventory’

That means, selling out the longs or going short as the market is liquid or rising (not advice, not a recommendation).

Alcoa Corporation AA, Daily

Managing this trade, is watching the channel, maintaining position as long as price action dictates (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279