/tf - weak close ystdy -
8am -- bounce back to Thurs. close.
/es a bit higher.
Japan down, msft, goog down big -- so some expecting weakness? It didn't matter yesterday.
Staying with 5 min candles.
/cl - manages to push through new highs pm.
/cl - TL break + small double top. Short?
would have to expect small ball -- rangebound rules -- entering double tops/bottoms only. No trend.
no - can't short unless an hour has passed, THEN TL break + test.
Or 3 touches to establish a TL
/cl continues .62%
/cl b/o at 5:45 am - could be out for $1000 per contract -- call it a day.
/tf -- triple top -- 3rd touch exactly 1 hour out from hod. -- and easy trend down.
Goog - -3%
red: xhb, spy, jnk, jjg, kre
/cl -- 108.81 -- pushing hard.
12 ticks -- /tf -- down to TL support -- after triple touch.
red: goog, yhoo, gs, tsla, scty, lnkd, amzn, nflx
double top 1047.5 -- short /tf? rangebound? 10t stop
small triple top wedge -- 10:51
/tf -- CLEAR TL break + small double top - short -- this is the pattern.
/tf - breaks past to double top 1049 -- RANGEBOUND ACTION -- have to follow rangebound rules
opex fri - afternoon -- once again, a waste of time -- day was over at 11:10 off 3rd touch 9:50
Just needed 80 minutes today.
Enter the 3rd touch.
|/tf: 3rd time is the charm|