Question 86—The Decision at the Right Edge of the Chart
Figure 6.86
A trader recognizes an uptrend and goes long at point A. He sells at point B, after prices blow out of their channel but then fail to make a new high. He buys again at point C, after prices decline below value and stop making new lows. What would be the reasonable course of action at the right edge of this chart?
1. Continue to hold.
2. Add to long position.
3. Sell.
Get The New Sell and Sell Short: How to Take Profits, Cut Losses, and Benefit from Price Declines, Expanded Second Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
