I am pressed for time, so I am only posting one chart tonight. But, it is a good one. In fact, I think it is the "trade of the week"!
1.) What did I see?
A gap down and weak first two bars. The third bar rallies to close back above the opening range low (set by the first 15-minute bar). We see the fourth-sixth bars narrow in range and print inside bars. The sixth bar forms a nice hammer and again closes above the opening range low.
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 retracement zone from the previous day's high to the opening range low - which was ~$2 later.
Notes - A very nice, low risk entry on a narrow range bar that allowed for a good size position, and an average profit of ~$2 per share.
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