1.) What did I see?
A gap up and strong first bar. The second bar pulls back to support at the retracement zone of the previous day's low to the opening range high - and leaves a long lower tail (bullish indicator). From that point, you see the third-seventh bar print narrow ranges (each more so than the bar before), with price staying in the top 1/2 of the morning range.
2.) What is the entry?
A break of the seventh bar high - look at that bar...very narrow range, it is too tempting to ignore!
3.) What is the exit?
1/2 closed after $1 gain, the other 1/2 closed on a break of the eleventh bar low. The reason I closed the remaining 1/2 at that point was that price had crossed above the previous high (set by the first bar of the morning), and if it slipped below the eleventh bar low it would also fall back through that high, which would be a bearish sign.
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