My anticipation was for a re-test of the lows (3b-to-3c-to-3d in terms of 3/10 macd criteria, which was likely my main mistake as 1's & 3's are long setups; refer to the spreadsheet if lost by this point).
For posterity:
Noticed two setups this morning ("noticed" as in didn't trade) based on the 3d criteria. In AAPL below, the Slow Line turned magenta briefly (4c) but that shouldn't negate the setup (it turned 3d on the next bar) as we're looking for a strong Slow Line trend with a mild Fast Line correction into it. I mentioned yesterday that 3d criteria fits a short squeeze or lifting of stops phenomena, so we need to be aware of the levels which would likely give us the dynamic price movement once cleared:
Also there was NFLX. Gaped strongly down on the open with buying that closed the first 15-min candle just above previous resistance. Following that move was a $1 move to the next resistance level and a further $2 move to the previous day's breakdown point.
No comments:
Post a Comment