FLR $44.00 should be good to go long. Tuesday's WRB had high volume. Price is consolidating the move in the upper range (3 NRBs - price contraction before expansion). Looking for another WRB on the break.
POT closed on support Friday, but I expect it might go lower before it retraces ( closed on lows with big volume). Hoping for a hammer reversal bar tomorrow, followed by a retracement to the ambush zone.
4 comments:
Jamie:
How do you treat the 5 day EMA on the 15 min. chart?
Jamie - Would you have considered POT's action today (Tues) a potential ambush trade?
Joe
Joe,
Yes, not only a potential ambush, a perfect ambush with a hammer reversal bar in the ambush zone as the trigger.
Day Tradr,
5 day or 130 period MA on 15 min. timeframe is a good indicator of trend.
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