ABT - 111405

I have a lot of requests to highlight more of my trades from 30-minute charts...

ABT is a little "out of the box" - but, it is Monday! A lot of times when you have a stock collapse (or rocket) out of the set range, there is a good chance it will pause and continue in the same direction. It is not as reliable as some of my other set-ups, but a good play if managed correctly.

1.) What did I see?
A gap down and total collapse through the 34MA and the Fibonacci extension of the previous day's high to the opening range low. The first four bars were wide range and weak. The fifth bar was (more) narrow, and attempted to rally but failed - leaving a long upper tail.
2.) What is the entry?
A break of the fifth bar low.
3.) What is the exit?
1/2 closed after $1 gain, the other 1/2 closed at the end of the day.

11/16 edit - I mistakenly said the fourth bar was the entry. It is the fifth bar, as indicted on the chart.