Walmart Ichimoku Multiple Time frame Resistance

Walmart Ichimoku Multiple Time frame Resistance.  Walmart after the gap down yesterday has a multiple time resistance at 67.37 setup on the 10m/30m/60m/2h/4h/D/W time frame.    All the day traders, swing traders, and long term traders are thinking the same way.

Below is a 4h chart from thinkorswim.

2016-05-12_08550walmart

We have placed an alert at this iMTF resistance and wait for price to reach this value.   The best trades are the highest reward/risk.   Can only be achieved by placing orders around the Major Support/Resistance.  The closer your entry to the major support/resistance, the lower the risk.  The lower the risk, the higher the reward/risk.

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com

EDUCATIONAL USE: Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you you cannot afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any Trading System or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.

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