1.) What did I see? A gap down and strong, wide range first bar. The second bar is a narrow range, inside bar that forms a nice hammer. 2.) What is the entry? A break of the second bar high. 3.) What is the exit? The 34MA, and the retracement zone from the previous day's high to the opening range low. The target was hit just after 12:00.
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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