POT gapped up. Strong bars which then consolidated sideways forming a cup and handle. NRIB NR7 withing the consolidation was a perfect entry. Partialled at 50% FE measure from ORL to the top of the consolidation. Price usually consolidates near the 50% extension. Gave some time for consolidation and sold remaining when it formed bearish red candles. Also went short here covered near the EOD.
This was the first trade of the day. Short below PDL based on the daily. First bar wide red bar followed by an inside bar. 3rd bar was a strong reversal green bar. Out at BE. I should have taken some profit near $132 level. Went long above the 3rd bar high and sold just below 5 DMA.
POT gapped up. Strong bars which then consolidated sideways forming a cup and handle. NRIB NR7 withing the consolidation was a perfect entry. Partialled at 50% FE measure from ORL to the top of the consolidation. Price usually consolidates near the 50% extension. Gave some time for consolidation and sold remaining when it formed bearish red candles. Also went short here covered near the EOD.
This was the first trade of the day. Short below PDL based on the daily. First bar wide red bar followed by an inside bar. 3rd bar was a strong reversal green bar. Out at BE. I should have taken some profit near $132 level. Went long above the 3rd bar high and sold just below 5 DMA.
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