what happened today:
strong 900 AD
but tf stalled.
Had to wait for support line to develop.
Pennant built -- AD stayed strong nearly 1000 -- bounced a few times in the wedge.
Correct entry was 3rd touch around 10 am -- so many times 10 am is bottom
and then move to top of wedge and b/o
Stay long -- AD increasing to 1100 - up to 1550...
Set Fib levels due to huge drop yesterday.
In fact, TF got to 61.8 fib
another 120 tick day if done right.
Morning is often chop for 10 to 30 min. then resolution and big trend lately.
/cl had an even wider range.
Key is to watch morning closely - can take early entry on support or wait for confirmation break but either way -- go with Market Signals.
And stay with extreme AD readings.
No comments:
Post a Comment