Nice pullback off the Open (vertical blue dash line) to the o/n_range midpoint. There are two 3/10macd indicators on this chart, the top one just reflects the 15-minute time frame while the bottom one reflects the 5-minute.
Thursday, August 2, 2012
wide range
A very wide overnight range due to the ECB puppet show. With such a wide range I like to include a 25% Fib. projection to give a more reasonable initial target should the o/n low break. Missed it by 3-cents in this case.
Nice pullback off the Open (vertical blue dash line) to the o/n_range midpoint. There are two 3/10macd indicators on this chart, the top one just reflects the 15-minute time frame while the bottom one reflects the 5-minute.
Nice pullback off the Open (vertical blue dash line) to the o/n_range midpoint. There are two 3/10macd indicators on this chart, the top one just reflects the 15-minute time frame while the bottom one reflects the 5-minute.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment