Tuesday, July 24, 2012
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Day trading course - Pennant
[caption id="attachment_5318" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l learn how to daytrade l Day trading education"]
[/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. A pennant has formed signifying congestion while there's consolidation.We'll see the pattern completed when it outside the converging lines. If its a strong bear trend, sellers will pressure to break outside of the pennant on the downside at the lower trendline for a continuation to the first target at 1341.75. The next target levels are 1340.75, 1337 and the outer target of 1332.25. If buyers come in there is a target which is a strong support/resistance level at 1345. The next targets are 1347.75, 1350.25, 1352, 1354 and then on up to the 200SMA at the 1356.75 area. Trade What You See
day trading course
[/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. A pennant has formed signifying congestion while there's consolidation.We'll see the pattern completed when it outside the converging lines. If its a strong bear trend, sellers will pressure to break outside of the pennant on the downside at the lower trendline for a continuation to the first target at 1341.75. The next target levels are 1340.75, 1337 and the outer target of 1332.25. If buyers come in there is a target which is a strong support/resistance level at 1345. The next targets are 1347.75, 1350.25, 1352, 1354 and then on up to the 200SMA at the 1356.75 area. Trade What You See day trading course
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