Today was a typical day after a trend day. The feature of these day after days is that the market is two way rotational, absorbing the previous day's action. Sometimes it just takes out the trend day's high, sometimes it fails to do that which gives you some good information.
It's just before New York lunchtime as I write this and the market has acted as expected. On these types of days we look to take profits at resistance. If there is a later breakout then we change tactics and look for a re-entry. These once or twice a month trend days provide a different type of opportunity when they live up to your vision of the day. I usually bracket the last distribution(s) as the expected range for the day.
Click to enlarge
Tidak ada komentar:
Posting Komentar