Triple Top Pattern (5/24/2012)

Discussion in 'Technical Analysis' started by lwlee, May 24, 2012.

  1. lwlee

    lwlee

    Good trade. If you were looking for a breakout signal, once ES cleared 1313.75, the previous lower high, might have been a good entry as well. There was volume building at the time.

     
    #21     May 24, 2012
  2. Thank you. The trade worked out and I was able to scale out TF positions when ES was trading through the 1326 to 1328 level last night. I had to hold TF through the ES pullback in the evening to the 1316 level but buyers finally drove price back to the Thursday close price level, all looked good at that point and we punched through.
     
    #22     May 25, 2012
  3. IcyTrade

    IcyTrade

    5mins TF... I thought it was going to be a bigger time frame
     
    #23     May 30, 2012