Pretty much. This is the preferable zone to add to position obviously value of stop is adjusted so is TP.
The position is only taken when it tests that area and turns back down again. retracements will always happen. If it keeps going south and preferable area to add is not hit no problem.
12/02 Indices, page-88
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Last
8,220.9 |
Change
-45.300(0.55%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,266.2 | 8,266.2 | 8,215.8 |
| XJO (ASX) Chart |