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Commentary Topic from greenfaucet

What Do I Need to See to Make Me Take a Trade

The only pattern you'll ever need to know in uptrending markets is commonly referred to as a Pullback Off Highs (POH). And sure enough with the recent vertical leap to nosebleed levels we've seen in the indexes a bunch of names took off out like rockets. All of those same names got away from those low risk entry points very fast leaving any trades taken now being of higher risk entries due to being away from those prime entry points that we use to manage risk from a technical perspective.