April 17, 2014

Intraday analysis

There were 2 buy signals today... one on crossover of 6720F and second on crossover of 6760F.

A question may arise that when the last 2 days trend was down, how could one initiate a long call? The justification for this is that markets (on EOD charts) were very close to support and a bounce was due.

The big bar on 5 min charts (6720F crossover) was a confirmation of intraday bullishness.

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