LNC
Swings highlighted and possible move to the 41ema as first resistance, stochastic's in the right spot dont want them to turn down again though ??
Art
A Brief answer to your question regarding trends etc.
In a bullish market, the bulls get the bigger rewards and in
a bearish market, the bears get the larger move. Once we identify who has the upper hands, we seek to then play and respect the market accordingly, well that what I try to do.
Chart2 shows the bears taking it back to supports and then finally when breaking the supports, the bulls now have an opportunity to test that resistance
And finally this is how I like to set up my trade, now I respect the current trend but when risk is measured there is no harm in attempting to gain the smaller bull leg amongst what might be a larger bear leg ??
hope that helps some
Regards
Rob
