Well according to the rules you can short the beans off the median line of the magenta fork...price hasn't actually hit it yet...but put an order in at the line...draw your down fork and protect the upper median line parallel. Or you could wait for the fork to be test first to see if it is capable of containing prices...Or you can wait for the zoom and buy on the test of the line.
I like that latter myself. It's been a long time since this contract has seen a green bar off the Bulls and Bears indicator. Even if this is not the breakout of the 25% line still a decent trade to that line. It's either that or we trade it down to the lows again. The lines keep you from losing money.
Spike |