The market hit a reversal low around 12:30 AM EST in after hours and showed another bull trend line hit around 3:30 AM EST. Our first longs were on that trend line at 7:40 AM EST. Price was in a strong bull, and likely to reverse (enter the daily range) by crossing the short target (SB). The exit was near the Middle BOT around 8:30 AM.
The range was unchanged for today . Price pulled back to test the support at the SB (1512.75) and longs were entered on bar 2. Exited part on the bull bar push (bar 5) then the balance on bar 7. Both strong bull push bars.
The range run (from 1512.75 to 1516) was completed on bar 12 around 10:25 AM EST and pulled back to test the EMA and Middle BOT where it bounced around for hour and a half before bull resumed their drive higher. By bar 50 area (13:30 PM approximately) prices was judged to be exhausted and a pull back to the EMA could be scalped.
No comments:
Post a Comment