FMD - 111105

A 30-minute view of the FMD chart:

1.) What did I see?
A gap up and collapse to the 50% line from the retracement of the previous day's low to the opening range high. The sixth bar reverses at that 50% line and forms a hammer. Some of you will say wait, that is a down (red) bar. True, and I would prefer it to be an up (green) bar. But, you cannot deny that it is a decent hammer at the low of the day, and at a probable point of support. So, this is a good low-risk trade.
2.) What is the entry?
A break of the sixth bar high.
3.) What is the exit?
1/2 closed after $1 gain, the other 1/2 closed at the end of the day.