The markets posted the biggest declines since June of last year. I feel bad for the people with 401Ks, but the market offered traders a lot of profitable opportunities.
I don't have time to post charts, but here are three setups that are in-line with the previous two I posted this week. All are 5-minute charts, with Fibonacci lines plotted over the morning's opening range and my standard EMAs:
WLT - break of the 7th bar's low, covered at the Fibonacci extension (FE)...it didn't reach the target until the afternoon, but it was worth the wait.
MCP - break of the 7th bar's low, covered at the FE.
VMW - break of the 8th bar's low, covered at the FE.
We'll see what tomorrow holds.
A Simple Mistake Traders Make
7 hours ago