I've spent most of the morning reviewing the charts on all of the active trade ideas. While all the active longs still look fine, the short trades is a mixed bag right now: Some with nice embedded gains, some close to entry/breakeven, some close to their suggested stop level and some that have already exceeded [...]
here are the updated daily & 2-day charts on TIF. i've added an ascending channel on the daily chart. a break below that channel would signal an objective add-on or new entry short. please note that i have also modified the targets by changing the previous target to T2 and adding a new target at [...]
the TIF active short has exceeded the first (tight) stop level and is currently just below the 2nd, more liberal suggested stop. as i continue to prefer wide stops lately, i pulled my original tight stop and am still short TIF but won't allow it much room above the stop 2 level. from entry, this [...]
fyi- i've added the following stop suggestion to the previous TIF short post and i've highlighted that level on this daily period chart (previous chart was a 2-day period). there’s also a nice gap around 63, a stop just above that area would also make sense from a technical perspective (i placed mine at 63.43).
this one's about as straight-forward as it gets: TIF recently broke-down from a clean double-headed H&S pattern, prices got sucked up in the volume-less rally and have pushed back up to re-test the neckline from below. TIF offers an objective short here with a stop not too far above the neckline. 5-10% above is probably [...]