Welcome to KISS & Technical Set-Ups. In this section of the site we post examples of Technical SetUps as provided for members in real time on NorthmanTrader.com utilizing our KISS methodology.
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This set-up identified key support for a long play following a short play based on a rising wedge:
Key support had been identified between $50-$52 with a view that it’d be unlikely to drop below $50 and setting up with a rally on $CL as well as $SPX.
The low turned out to be $50.55 offering a solid long entry play:
Update as of today:
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Categories: Technical SetUps