Posted by Tom C.
Someone asked a few weeks ago what is my "bread and butter" setup. I don't know that I have just one, but if I do this is probably it. It is simple, which is always better:
1.) Gap up.
2.) Price breaks the opening range high (ORH).
3.) Price pulls back to the ORH with support from a rising moving average.
4.) Price rallies to the Fibonacci extension (FE).
I will post another variation of this setup (that I like even better) in the next day or two.
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