hypothetical trade:
gap down --
wait....
starts to recover, pulls back
at PRECISELY 11 AM - creates a 3rd touch on lower trendline -- possible entry with .10 stop - goes on to move 1.30 - with no pullback
key: waiting for 3rd touch, waiting for 'on the hour' moment.
also: internals were mixed -- leadership was notably weak - to support going short. Gap up open (in IWM) exhausted buyers.
No comments:
Post a Comment