BOT TRADING SYSTEM
The early long to the resistance area appear to be setting up a bullish day and break the string of Bear Mondays after Bull Fridays. By the end of the day, the bulls had a different plan, as PA hovered in a narrow price range after the initial bull move.
A similar pattern was seen across the markets: PA stalling at the resistance and playing a sideways channel melody. NQ was a loner and continued to climb the lower TL of an ascending triangle pattern.
The AM trade areas became PM trade area when PA began to stall again near the upper ranges.
The yellow bar is the upper resistance, and the blue line was the short BO barrier.
NQ
ES
TF
YM
No comments:
Post a Comment