We had overnight action that created more support and resistance levels. Our focus has been on double signals only, not the singles.
PA hit a back-to-back double early in the AM, and shorts were suggested in the chat. Partials were taken at a lower support, with the Short BoT as the ultimate target. PA was expected to do follow two scenarios at the US open: bounce at the SB , PB, then continue long, or push through the short and have a PB to continue the short.
PA headed down toward the BO5 level and another buy signal. Signals at key levels are considered lower risk entries not to be ignored. The long was rewarded by a bullish TL that hit at the 50CB's of bull bars where additional buyers entered supporting the bull trend.
Exits near the end, and a new buy to finish with another HOD test of the1402.25 area.
No comments:
Post a Comment