BOT TRADING SYSTEM
THINGS were looking positive in the early AM. Ranges expanded suggesting we may see a significant BO attempt. (see prior post).
Selling moved down the range. and the open had a nice pull back to the EMA. B3 stalled and settled at the EMA. From there, PA hugged the EMA and the upper TL, then slowly drifted down to the BO 5 for a +5 play. TR (trade range) set in and PA stayed flat for the day. We just could not get away from the EMA.
The BO 5 bounce was good for a +1.5 and 1.25.
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