At 10 am a reaction reversal trade at resistance levels (R1, prior high, daily target) can be entered below a red bar
without waiting for a trendline:
If the price jumps up from prior support levels
such as swing lows and closing price of the prior session (16.15 on S&P, 14.30 on CL, 11.30 on Fdax) then its valid to enter right above a green bar
no need to wait for a trendline to form like on the usual reversal setup:
Blue line on the S&P chart represents prior sessions closing price:
No comments:
Post a Comment