SAFM gapped wide on the open and immediately filled the gap. The key to the setup was a lower high , plus the fact that there was very little support beyond the 3rd and 4
th bar lows. As you can see on the 5 minute chart below, once support was taken out, it was a fast swoon down to the
ORL.
FLS showed up on my NR7 scan of the usual suspects. After a multi pt. move lower,
FLS carved out a V bottom setting up a long entry. Capitulation at the round number $125.00, followed by a V bottom (hammer reversal bar on 15 min.) and huge volume on the reversal. Sweet.
SAFM gapped wide on the open and immediately filled the gap. The key to the setup was a lower high , plus the fact that there was very little support beyond the 3rd and 4th bar lows. As you can see on the 5 minute chart below, once support was taken out, it was a fast swoon down to the ORL.
FLS showed up on my NR7 scan of the usual suspects. After a multi pt. move lower, FLS carved out a V bottom setting up a long entry. Capitulation at the round number $125.00, followed by a V bottom (hammer reversal bar on 15 min.) and huge volume on the reversal. Sweet.
