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 consolidate in the prior day’s range and find an upper boundary of resistance.
Pre-Market Price action heading towards the prior day’s lows with a few lower highs and lower lows after a 3X top pattern.
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Price action gave us no quality setups so we patiently are sitting on hands waiting for more evidence. We finally get a great setup SHORT with price action crossing below the opening bell and we manage the trade for 3+ points profits.