Very nice - and simple!
1.) What did I see?
A gap down and weak, wide range first bar. The second bar was narrow range, closed above the opening range low (set by the first bar), and formed a "gravestone doji" with a green (up) close.
2.) What is the entry?
A break of the second bar high.
3.) What is the exit?
1/2 closed after $1 gain. The target for the remaining 1/2 was the retracement zone from the previous day's high to the opening range low. The target was not hit - most likely because we had a short or abbreviated (holiday) trading session today. I closed the remainder of the position at the end of the trading day, for a $2+ gain.
Notes - I will post some viewer mail questions and answers on Sunday. Have a good weekend, study the charts, and be ready to make some money next week!
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