Short Term Reversal Pattern

٢٦ أغسطس ٢٠١٦

The pin bar that formed on 8/24 can indicate a higher probability of a short term (2-4 bar) reversal of price. Normally I would look to enter on a break of this bar by $0.05, which did not happen today. Instead price pulls back up into the $21.50 resistance area and stalls. Looking to enter short tomorrow (provided price doesn't gap above $21.50 at the open) with a target profit area of the bar high on 8/19 of $21.21. However - Jackson Hole is tomorrow, so who knows. :)

٢٦ أغسطس ٢٠١٦

تم حذف الأمر

The gap at the open was above the $21.50, so no trade. Oh well... :)