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05/16/2018 Market Recap

05/16/2018 Market Recap

Postby Cobra » Wed May 16, 2018 4:13 pm

No comments. I see nothing wrong though.
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Re: 05/16/2018 Market Recap

Postby Cobra » Wed May 16, 2018 4:21 pm

The day trade today.

So far looked like a range day so guessed the range low should be near (viewtopic.php?f=2&t=2879&p=254246#p254246). To trade range day has to guess the low and high, buy near the guessed range low then sell near the guessed range high.

Guessed range high here (viewtopic.php?f=2&t=2879&p=254254#p254254).

The breakout was a surprise, kind like won a lottery (viewtopic.php?f=2&t=2879&p=254255#p254255).

Generally the pullback should be bought (viewtopic.php?f=2&t=2879&p=254266#p254266).

By here bulls looked really good (viewtopic.php?f=2&t=2879&p=254274#p254274), it's actually a C&H pattern therefore bias was up.

The sharp pullback before the close was unexpected, so not a perfect day for bulls.

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