I want to quickly refer you to Jamie's trade in this post. As it is seen on the 5min. chart, price unable to hold the close above $119, moves back to EMA support and consolidates before price breaks down 20 & 50 EMA on high volume. It then forms a flag at the same area where SPY found support in the morning session.
I used the 15 min. for my entry and stayed in the trade on seeing the bull flag on the 5 min.
No comments:
Post a Comment