Today we had a 3.5pt gap down that pushed prices to the previous days lows and bounced at the 1st Ti, only to return for a double bottom at 15M support with Exhaustion. We bounced higher from here to retest the highs but was quickly rejected midday and continued the down trend heading into the close.
Recap Notes:
Trade Selection - Not good entries but i was able to use the Time Intervals and hold confirmations to manage a healthy profit. I Held for 1 Hr and 10m. 2 Sequence, one .25 + scratch and a 2.75.
INTANGIBLE OBSERVATIONS:
Be aware of the 1st PB In trend on the 1500 tick - I noticed over the past weeks that this setup usually plays out nicely at least to the next Time Interval for 4pts or more. It often sync with the 45 BB Midline or 0 Line on the $tick.