The first chart is a wide range, 15 minute view of TBSI which gapped up on Friday (Briefing list). The blue lines are pivot points (areas where price pivots and changes direction).
The 2nd chart is a 1 minute chart of TBSI. After gapping open, TBSI successfully retests the PP and bounces. B&B at the next consolidation. Target the next PP.
AMZN (Trade-Ideas pre-market scan), had the same kind of feel to it as TBSI. It successfully retests the PP twice on the 1 minute chart. However, the base is not as orderly and the BO fails on the retest.
RIMM - late session PP BO. (5 min. charts)
The first chart is a wide range, 15 minute view of TBSI which gapped up on Friday (Briefing list). The blue lines are pivot points (areas where price pivots and changes direction).
The 2nd chart is a 1 minute chart of TBSI. After gapping open, TBSI successfully retests the PP and bounces. B&B at the next consolidation. Target the next PP.
AMZN (Trade-Ideas pre-market scan), had the same kind of feel to it as TBSI. It successfully retests the PP twice on the 1 minute chart. However, the base is not as orderly and the BO fails on the retest.
RIMM - late session PP BO. (5 min. charts)
2 comments:
if you flipped and shorted scAmazon, then you are my hero!
QQQball,
Failures do make the best fades. Not a hero this time, maybe next time.
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