BOT 101: when a break out at 5 points fails, expect a pullback to the BO level followed by a range run to test the opposite BOT level. In a range bound day, PA will be contained by the BO5 levels.
Well, at least that is what we had today. The SB5 held and we saw across the markets buy signals at the B5 and B10 double bottom base.
[10:17] <CM> b5 signals across 5m mkts
[10:18] <CM> putting in a base roughly 1333 771.4 2548 12535
[10:39] <CM> per bot-o-tology a fbo of sb5 likely to see range pb to sb range run to lb 42.25 we end up with a range bound day..
And so it was...
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