Let’s look at one possible sell trigger for an entry against the 782.10
resistance. This first trigger example is on a two-minute chart of the
Russell (see Figure 14-2), where the swing highs and lows might be seen a
little more clearly than on the three-minute chart. You can also use a tick
or volume chart to find the swing lows or highs to set up your triggers.
Personally, I’ve used anywhere from a 34- to an 89-tick chart when triggering
against a Russell or mini-sized Dow setup on a three-minute chart.
In other markets, you may need to use a different tick or volume chart.
Note that the high in this setup was made at 782.00, just a tick below
the actual symmetry projection. After this high was made (we actually
tested the resistance twice in this case), we wanted to look for the market to
take out a prior swing low to signal an entry. The swing low I’ve identified