November 27, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF opened gap down but closed near day's high
- markets closed at 10399 (0.1% in positive)
- today's low around 10340 will be important support
- swing low remains at 10100

5 min charts
- took a short position in first circle
- stopped out
- this was a wrong trade as first bar of the day showed buying at lower levels
- traded long around 2 pm... covered around 10400 F

- 2nd circle shows an excellent long opportunity (breakdown failure).

No comments:

Post a Comment