The stock gapped up and printed a wide-range 1st bar. The 2nd-5th bars narrow in range, with the 3rd-5th bars being inside bars. The 5th bar was the narrowest range of the morning (NRM), and closed strong. I entered on a break of the 5th bar high. The target was the Fibonacci extension of the previous day's low to the opening range high - price did not even come close. But the profit was still over $1.
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Tags:
Trader-X, Stocks, Fibonacci, Trading, FMCN
1 comment:
I caught that one too! Good luck in the coming week. Go England!
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