UPDATE: December Real Estate Of The Month Trade Setup Idea 12/16/2017
Scott Barkley | Dec 16, 2017 06:09PM ET
We started this trade on 12/07/2017 once the head and shoulders pattern was finished. So far we are up + 370 pips. We anticipate a 4th wave at any moment to correct and entice more sellers into the market for a 5th wave completion at 1.5082. If we get a pull back to the S4at 1.5472 it will add an additional 99 pips to the 5th wave which would allow us to maximize this move and collect in the neighborhood of 390 additional pips for a potential total of 760 Pips. Not bad for a holiday month. We’ll see if it works out – so far doing well.
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