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Re: Breaking Coils
And for today this nice coil break, one of the keys is the speed at the break, it really validates the move , on the upper level we got a very dull break without speed, it just became a range expansion.... on the down break, speed was great.... nice trade indeed... it was worth $110 per contract... cheers Walter.
PD: another detail is that the longer the coil formation, the stronger the break will be.
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