1.) What did I see?
A gap down and wide range first bar. The second bar is a narrow range, inside bar and forms a nice hammer (and, stays above the 50% mark of the first bar - a bullish sign).
2.) What is the entry?
A break of the second bar high.
3.) What is the exit?
The target was the retracement zone from the previous day's high to the opening range low; it was hit three bars after the entry.
Notes - this was a very low price stock with an entry on a narrow-range bar that allowed a good-sized position; the total move returned just over 8%.
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