Walmart Ichimoku Multiple Time frame Resistance

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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

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