This is a good chart to study. Price gapped down and made an attempt to rally. It failed and price declined below the open. At this point it was too far away from the 8EMA to consider an entry, so I made a mental note to watch it. Price attempted to rally a second time and failed at the declining 8EMA.
I entered on a break of the 13th bar's low, after price closed below the open for a second time. I covered the position at the FE less than twenty minutes later.
I'll try to post more over the weekend.
Trading 27-April-2016 (+ $66)
22 hours ago