I mentioned earlier that I would discuss 15-minute charts and timeframes in general later this week. Here is a trade from today (15-minute chart) that is similar to yesterday's trade (30-minute chart). I will let you answer the questions, as they should be obvious by now.
Bottom line - a chart is a chart is a chart, regardless of the timeframe.
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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