- Thread Author
- #1
I found this on my daily monitor, what I am looking is pattern formation such as Doji candles, inside bars, engulfing and so on.
This stock did some gaps the previous daily sessions and formed a bearish pin bar. At this level did few touches and
At this same level around 73$ per contract, the stock did few touches in the past and for me, this was a confirmation of a strong resistance.
this was a confirmation of a strong resistance.
The most incredible thing was to look an open GAP about of 240 pips.
That is crazy, I never saw a gap like this.
The next. was create a range to form a temporal support and resistance to measure my entry risk.
Also, was needed a projection of the target, to do this I did a projection between the recent lower low.
In this case was 80 pips stop loss and 280 pips target number one and 450 pips target two if the price action goes even deep.
This stock did some gaps the previous daily sessions and formed a bearish pin bar. At this level did few touches and
At this same level around 73$ per contract, the stock did few touches in the past and for me, this was a confirmation of a strong resistance.
this was a confirmation of a strong resistance.
The most incredible thing was to look an open GAP about of 240 pips.
That is crazy, I never saw a gap like this.
The next. was create a range to form a temporal support and resistance to measure my entry risk.
Also, was needed a projection of the target, to do this I did a projection between the recent lower low.
In this case was 80 pips stop loss and 280 pips target number one and 450 pips target two if the price action goes even deep.