QBECertain stocks developed patterns within there ranges and if...

QBE

Certain stocks developed patterns within there ranges and if you look at the month of QBE you will note the first 3 weeks were failing at the 61.8% of the weekly range, is it not a good idea then to use cation as it reaches the 61.8% of the range which it ultimately failed for the month.

Now the week (week 4 and long range not on chart)that gave you a possible lower swing top also failed at 50% of weekly range, so not a bad place to add or go short for the week ??

Notice that the major price cluster for the month is also around the 50% :)))

Who's going to set up a few monthly ranges in October, I dare you to, you might get to enjoy a less stressful month, let price make your decisions for you

Week 4 was actually the long entry i had on my website, there was no guessing where the stops were for that one LOL

Regards
Rob