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 broke down below the prior day’s lows and then found minor support and pre-market price action continued to consolidate in a range bound area heading into the opening bell.
Price action continued to show weakness over multiple days with lower highs and lower lows.
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Price action gave us a nice 1-minute flag pattern setups below the opening bell and immediately 2+ points profit.