Guadalajara Map

Guadalajara Map on When it comes to manual intervention, two options come to mind: action or reaction. The resistance exit is clearly a function of the first. By grabbing profits in a designated level of perceived resistance, we deliberately take action without waiting for the market’s response. A good example would be to deploy an exit on the short in the dotted line at 14. If we are to defend the reason behind this scratch, we could start by saying that the market was back at the lower region of a range, which is a danger zone to any short. Furthermore, observation has it that when a double bottom is firmly in place (2-6) , prices tend to sooner hammer in a higher bottom than a triple bottom. With this in mind, it made sense to pick the ceiling test exit (dotted line) rather than the level of the low of bar 6. Guadalajara Map 2016.

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