Looking over charts tonight and found CSCO – Cisco Systems, Inc setting up for a potential trade.
The trend chart (the left chart) for CSCO shows the uptrend was broken by the red candle closing below the trend line. My decision chart (the middle chart) shows 3 of my 4 indicators crossing down at the same time. This movement is my decision to watch for an entry point into the trade on my action chart (the right one). I will be looking for this movement tomorrow and maybe into the next couple of days. The fact that CSCO released earnings after market today could give the stock the push down I need to enter the trade.