Wednesday, February 5, 2014
BULLISH UNTIL THE TRADING RANGE HIT 2/5/14
Trash the first hour then the bulls found a price they liked as price pushed into a trading range from mid day to the selling at the end of late the day.
B12 reversal was nice followed by B13 run to the EMA. The better entry was at B21, a higher low, 50CB reversal that moved to the major 50CB at B24. a buy was warranted and if you missed it, each pullback that does not cross the trend line or leaves a gap to the TL is a buy.
A failure to break back above the TL can be shorted.
Subscribe to:
Post Comments (Atom)

No comments:
Post a Comment