Dr. Schaap teaches us how to make great entries. I have updated the chart since the entry (ADX Trendline Rule on page 55 of the book ADXcellence. )

Great Expectations™ ARLP Lessons:  Break outs from consolidation will come back to 'test' support. This is retracement risk and Dr. Schaap addresses it on page 230, ADXcellence. You can see charts to study on pages 116 - 118. This chart of ARLP has two lessons in it - the trading lesson of break out and retracement, and the lesson of ROI (Return on Investment).

The opportunity as price moved out of the triangle (green arrow) was for capital gain and the dividend. The entry at $56 was a higher risk, always measure the risk reward. Do not risk 12% for a 5% dividwend.

Now - is ARLP an entry here? Practice until you always know what you will do when price does what it will do. (HInt: I pivot low would show 'support'.)

"ADXcellence", The Book.              Trend Master Series

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