Everyone wants those nice BO runs for +10 +15; 7-10 bars in one direction; the strong trend. Narrow, range bound days will try your patience.
The US market opens at the SB and breaks and returns. Bars 1-7 overlap leaving traders searching for a trend. The better move was to sit it out until the market settled. There is a sell alert around B10 but PA is clinging to the EMA and the SB and showed a FBO of the bull TL.
The next sell opportunity was the PA stall at the MB that played the SB and finally broke at the TL and B26. PA stalled at the middle of the SB- BO5 range, developed a new bull TL then push up to complete a range run to the LB. Not bad for a 2+ hour trading range. Patience.
follow the leaders:
We are beginning to pay more attention to the alerts and where they occur with respect to the BOTs and the EMA. Add gap resistance or support, and we have entries with better potential.
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