$RIO long off this Cypher with SL under X leg..

Double click price column to see this chart. My move perhaps a little early however, a long off this cypher pattern seems like a reasonable opportunity to get into RIO Tinto at this level even with price potentially consolidating over the next few days. I'm actually not concerned if this stop loss gets taken out as prior swings have been very profitable.. As always, trading is risky. TA gives us probabilities but price action can be a beast, and move against us. The key is riding the gains and setting stop losses, letting the gains outweigh the losses. This makes money. NOT financial advice.

Commentaire:

So far a nice little move up from just under my D leg. Keep it going RIO!

Commentaire:

Sold my position today at profit