I got a late start to my trading day so I concentrated on support/resistance moves. Notice the BO move AAPL made in late morning taking out resistance from yesterday after NRBs. The result was 3 WRBs up to R2. The next candle was bearish and that's when I decided to short.
My target was the blue line - former resistance should act as support. After a steep and wide retracement from support, AAPL carved out a lower high and set up another short below the red baseline.
Nice C&H pattern for APOL today. Hope Alex got in on that one (mentioned in the comments a couple of days ago). My alert went off while I was away.
Trader MD caught a C&H with WFR.
Anarco was in on another C&H pattern with CROX
2 comments:
Hey Jamie,
Like a shmock I missed the APOL, didn't feel the setups were that great-too chicken shit. However, I did catch the WFR, that was a monster setup. Have a good weekend. Cheers.
Alex,
Can't get them all. Hope you had a good weekend too.
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