"Structure Setup" & Don's Trade-Map, ISIL, Part 4 Of 5
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In part 3 I listed the implementation of the TRADE-MAP approach using "Don's Top Ten Technicals". These technicals are still valid for the above chart, but, I said the alligator action will be more visible on the one hour chart. On the lower right of the chart, right around $13.10, please view the "jaws, lips, and teeth of the now FEEDING alligator, and the alligator will feed in a down-trend. This is a negative indication and suggests lower prices. Would you please view Part 5, a 15 minute chart. You will see the leading actions for the new down-trend. To Review, Here are the letters and what "TRADE-MAP" means to me (first the letters in TRADE): 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces. Now the letters in MAP: 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance. May all of your trades go well. Don.