Mar 222012
It was a nice rotational day with the high of the day formed on a double top and the low of the day became a double bottom. For the example trade, I’ll focus on the opportunity which occured around the “all eyes” 84 level. The 84 level was significant swing low and everyone knew there were stops below to run. The buyers did their best to defend the level but eventually, the sellers were able to hit the stops. The next push down was key,
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