Almost 5% in 3 hours.
1.) What did I see?
A gap down and wide range first bar - notice how it bounces off the low and leaves a "lower tail/wick" (bullish sign). The second and third bar are narrow range, and the third bar is a nice, "hammer-like" bar.
2.) What is the entry?
A break of the third bar high. An alternate entry (if you missed the original) was a break of the sixth bar high (note the continued narrowing range as price inched up).
3.) What is the exit?
The target was the retracement zone from the previous day's high to the opening range low. The target was hit around 12:30.
Notes - this was a low price stock with an entry on a narrow-range bar that allowed a good-sized position; the total move returned just under 5%.
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