Extremes

It’s not often there’s such a well defined risk on any trade, long, or short.

In the case of Amphenol, all-time highs, followed by a reversal and close below resistance.

That’s the definition of a Wyckoff ‘Up-Thrust’.

Such a set-up does not guarantee anything.

We’re interested in minimizing the risk as much as possible.

In the case above, if short, a good point for exit on a failed position would be last Thursday’s high at 173.00 (not advice, not a recommendation).

Stay Tuned

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