1.) What did I see? A gap up and over the 34MA. The second, third, and fourth bars form a "wedge" with higher bottoms and a flat top, with a narrowing range. 2.) What is the entry? A break of the fourth bar high. 3.) What is the exit? The Fibonacci extension of the previous day's low to the opening range high.
DISCLAIMER - I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES; I JUST POST MY THOUGHTS, TRADES, AND OPINIONS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS. ALL CHARTS ARE COURTESY OF REALTICK. ALL TIMES INDICATED ARE NY (EST).
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