Better Profit Taking Inside Consolidations

18 ago 2021

My last trade in UNH highlights an example of where I look for targets especially within a mid consolidation. When looking at a past high as a potential take profit target often times price will miss the actual proper high. The more conservative and higher probability place to take targets (or look for reversal) is the 50% within the reaction off the last high: the short term price action where price fooled around to create the high. -UNH