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Follow Up To Kbh Chart Pattern Set UpThe daily chart bounce for a short off downtrend resistance is climbing to an entry opportunity.
Bu the intraday charts offer a better if not ?micro-managing? view into the bounce.
Corrective entries require patience but often it is this very patience that make for a good entry - and a good entry makes for an easier trade ? so the bounce we were waiting towards the 30.oo whole, round number level in KBH went to 29.49.
For more commentary click here ------ Raghee Horner is an experienced trader with more than 15 years' experience in the markets. She supplies commentary and analysis for Autochartist, FXStreet, Trading Markets, PitNews.com, and EZ2Trade Software as well as leads a managed account program. Ms. Horner has taught her brand of technical analysis and charting strategies to students all over the world. She is also the author of the bestselling Forex Trading for Maximum Profit and Thirty Days of Trading. Ms. Horner has taught currencies, futures, and equities trading for more than a decade. Emphasizing charting and price action, Ms. Horner continues to teach the tools and strategies that encourage self-directed traders to pursue the study of technical analysis and market psychology. She is a much sought after public speaker who has conducted seminars in the US, Canada, the Caribbean, and Asia. She is also a featured speaker at the Traders Expo and Forex Trading Expo. Ms. Horner's video commentary has been featured at ForexTV, as well as instructional articles at The Money Blogs and eSignal Learning's "Trading with the Masters." |
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