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Saturday, April 01, 2006

INFY - 033106; 15-minute chart




A reader posted this trade in the comments section Friday. It was a nice bounce off the retracement zone from the previous day's low to the opening range high. The ninth bar formed a nice "hammer-type" candle, and price rallied back to the opening range high.

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Posted by Trader-X at 9:50 AM

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DISCLAIMER - I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES; I JUST POST MY THOUGHTS, TRADES, AND OPINIONS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS. ALL CHARTS ARE COURTESY OF REALTICK. ALL TIMES INDICATED ARE NY (EST).