This commentary will focus on the first 60-90 minutes after the Opening Bell. However, our strategies can and will provide setups the entire trading day.
Overnight price action continued to trend below the prior day’s low multiple times.
Pre-Market Price action bounced off the prior day’s lows and starting to form a W-pattern.
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With price action crossing below the opening bell, we took a marker lot SHORT and once price action moved in our favor, we closed the trade with 2+ points.