Don't Get Caught Chasing Your Tail

Testing previous resistance as support after the breakout is nothing more than ebb and flow within a market. Those trading short-..

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Don't Get Caught Chasing Your Tail

Published on 2012-05-03 14:59:00

Testing previous resistance as support after the breakout is nothing more than ebb and flow within a market. Those trading short-term technical patterns better be expert traders, because nothing has reversed the long-term breakout and secular up trend. Double tops, heads and shoulders formations, etc, offer only limited reentry guidance.

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