|/tf provides small patterns for nice rips|
Once again market gapped down.
Key to today was -- checking your key levels. And the most important levels of the day are often yesterdays lows and highs.
Today /tf really gave a nice lesson in technical levels. It dipped to yesterday's low -- TO THE TICK -- then ran all the way up to fill the gap down from the overnight high.
In between, you could have safely entered at least twice. A third triple bottom was dubious -- but it also worked out if you took it.
Once the market hit lows, stocks like AAPL were suggesting a bounce.
Again, moving out to a higher timeframe -- using 15 min. candles -- the /tf kept hitting this key trendline -- the last high around 790 tagged this well defined channel. So it was clear where resistance was.
Once again, fear and news provides opportunity... the system provides the profits.
|/cl triple tops before plunge past overnight lows|
There was also this gem of a set up in the premarket.