i missed the fact that T3 was hit last week but prices are still trading there, providing a opportunity to book the 43.6% profit (from posted entry price) if you took the CTRN long trade. i mention this one a good long-term swing trade/investment opportunity & it is a good example of how counter-trend trades (a long trade and a downtrend) can work out if the technicals are good enough. consider taking some profits and/or raising stops if holding out for T4, which remains the final target for now.
also remember that the odds of each additional target above T1 diminishes as each target below is hit. this especially holds true with counter-trend trades. therefore, you must decide how much, if any, of your position to book profits on as each target is hit. for swing traders and longer-term investors, one of the best strategies is to identify what price level you want to target, which might be one of the targets that i list or another level that you decide on, and then raise (or lower- for a short trade) your stops along the way, especially when the sub-targets are hit. with that being said, i still favor T4 as the final target on CTRN for now.
