Today we had a 11.25 Gap Down into the weekly & Globex lows were we bounced and reversed at the 1st 15m Time Interval. We printed a Cycle Support on the 15m and crossed on the higher Time frames (40,500 Tick/135 & 13,500) pushinc prices higher through the 8:00 bar and the days high.
Recap Notes:
Trade Selection - 1S1K Good trade excellent patients to hold till 1st target and understand the time and cycle.
INTANGIBLE OBSERVATIONS:
Very Interesting 15 Minute Chart to to close the Week Feb 10
Establish the Premise and stick to it unless clearly broken- Today i used the concept of effort with No results as noted on the video, the 1500 tick showed multiple probars at the pre-open peak but a small retrace afterwards, although price eventually moved lower there was No pro bars on the way down thus indicating that we may get an early reversal.
