AFTER the 2 bar "doji" reversal yesterday, the bulls developed a trend line. Today's tight range produced another bull TL.
YESTERDAY
The TL began at point 1, we saw the 2 bar doji at 2 and another TL hold at 3.
TODAY
Point 1 reversal at the SB but PA was in a tight pre open range.
Point 2 PA was holding at the Mid BOT and we have a 2 point TL
Point 3 PA runs to test the LB 5 level only to reverse back to the LB and the TL!
Point 4 TL bounce and the new run (#2) to the LB 5 where we again see a sell signal (Point 5)
Point 6 TL again, a broken record (good kind) LONG!
When BOTs, signals, and TL's etc. converge or occur in a general area they are worthy of our attention
Hi CM,
ReplyDeleteGreat post and great recap of the trading day.
I see you use Sierra Chart. I use it too.
Arrows and stars as I understand do indicate buy/sell signals. Are they based upon some standard indicator or are they programmed by you with some customized logic?
Many thanks.