Description
Major intraday, daily,and weekly targets are plotted as Targets 1 and 2. This allows scale out targets and logical add on contract locations. Day, Swing, and Position traders can use these targets to optimize their ability to reduce risk while capturing profits. Equally important, these values often signal important reversal or inflection points. Stops can be reduced to minimal amounts when trading near these expected “edges”. Reversals and entering contra trades will have better risk and reward when we combine several areas of confluence.
