Wednesday, March 18, 2009

CLF - Mini Bull Flag



CLF opened weak but the 6th 15 min bar saw buyers come in and closed strong. 7-8 candles were NRIBs within the 6th candle forming a mini bull flag with PDL acting as support. Quickly checked 5 min. chart and saw a beautiful bull flag. Entered on the break of the 8/15 bar and exited fully at 100% extension.

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