TUP - continuation from yesterday's big move.
APKT - Momo earnings gap
CCK - Failed bull flag BO.
WFR - Handle and extension
BRCM was a low risk short. I was looking for an extension to daily support at $42.00. Price formed a long handle at the base of weekly S2 and head faked lower. I covered the short and took it long into the close. Shorts were squeezed when price broke back above $43.00.
2 comments:
Jamie,
In the WFR trade, would an entry above 13th bar high okay? Logic being - price consolidating with support from rising 5 ema and the 13th bar is off 5 ema, closing strong.
A
Yes, once the support base has provided sufficient proof that it is holding, you can long a bullish stick instead of waiting for the upper base to BO.
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