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BullBear52x wrote:see hourly RSI, I am not bullish but with the reading of low 10s there got to be some bounce for scalpers.
Sound retarded here but I'm looking for a gap fill at 1581 then back down below here.
Positioned for it but fingers crossed
Best bet intraday is for the to bounce back to 1564 for a 1 handle risk 7 potential profit trade (since we've reached my Extreme Oversold Signal on hourly RSI)
1556.5->1563.5
-1555.5 stop
Risk 1 for 7, might get lucky for being a hero...
We need 5min reversal candles now, be best if hourly forms a bullish hammer
flrtrader, we gotta pray for the hourly bullish hammer Should get a nice oversold bounce to work off that Extreme Oversold Hourly RSI. If so, then this "could" be the 'meaningful pullback' Cobra talked bout
Last edited by Unique on Mon Apr 15, 2013 2:48 pm, edited 1 time in total.
good rebound which shall at least have 2nd small leg up.
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volume surge, resistance, so might see pullback here first which might be bought.
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reversal like bar on huge volume so might see rebound here, then we'll see.
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