Little recap Yesterday we were looking for 1469 to hit, which was the BO-5 from the LB at 64. Seemed many were looking for a minor PB, but were not excited about out thoughts for a hit of 65.5 and then the LB in after hours. Bulls were buying, the selling would never run that low.
Well...
When the BO-5 had a FBO, rules look for a PB to the LB. Selling continued until the reversal was noted
[00:07] <CM> selling stopped pa likely up in euro zone trading hit 60.5 for the reversal
This reversal was taken to a new five year high by the bulls.
1-17-13
Day opened bullish and never looked back until we hit the BO-10 max run. New BOTs were set, and we had an early BO.
Continued for the BO-5.... with the BO-10 as the target.
New buyers had a chance after the open when we had our first pullback.
Which created a bull TL for support.
This developed the larger, first wedge and target were provide in the chat.
A smaller wedge developed at the targets and we took the BO-10.
This was viewed as a max run for the day and selling was likely to develop as profits were bagged.
Again, target were set and made available in the chat. We end the day at the targets.
A nice day, a nice market.
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