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.
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Yesterday during the late day session, price action aggressively crossed below the ascending trendline and continued to move lower in a mini market cycle phase 4 downtrend after crossing below the 20MA. After-hours and overnight momentum continued to push price action below the prior day’s low area until it found minor support and after retesting the minor support vicinity, began to retrace heading into pre-market and the opening bell.
After the opening bell, price action continued the pre-market mini market cycle phase 2 uptrend and we waited for confirmation.
We initially took an ultra-aggressive trade LONG based on the flag pattern breakout and we captured 2.0+ points profit.
Mini Market Cycles Analysis
Normally we go for at least $400 profit, but today was extremely choppy market conditions.
Why is $400+ the magic number every day?
Because with discipline and focus every day, you compound your profits and start making $2,000+ every week or $100,000 after 50+ weeks. So every day…follow us and start your journey towards making $400+ every day.