05/16/2018 Market Recap
Posted: Wed May 16, 2018 4:13 pm
No comments. I see nothing wrong though.
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.