Monday, June 18, 2012

RANGE BOUND: BO5 TO BO5 6/18/12

BOT TRADING SYSTEM

THE US Market opened below the Short BOT level with B1 almost setting a range from the EMA to the SBBO-5.  B2 reversed, and set the tone for the day: long bias as PA returned to range.

B2, B7, B8, and B11 established a lower TL support for the Range Run LBBO.

PA stabilized in the upper part of the range  (mid to long) before finally breaking long to the LBBO-5 level.  The LB provided support on the PB and price action again rose to the BO-5 area.


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