Wednesday, June 8, 2022
Open Day Trades
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Open Day Trades
Open Day Trades This day was a straight bullish move for the entire morning, beginning with a 1m bearish spinning top right before the open. We would pass this up
Open Day Trades First, note the 1 hr and 4 hr are on a down wave coinciding with a correction on the daily. This tells us we can expect a
Open Day Trades Yellow circle: 1m opens up and runs into 34, immediately dropping to a new low. This trade can be skipped because non-sig candle at the 34, but
Open Day Trades Yellow circle: The market opens with a 1m bearish signal just before the open, coinciding with 5m 21. But note that the 34 is right above it,
Open Day Trades Yellow circle: We open with a straight down move as expected off of yesterday’s FOMC. 1m does not provide any entries for a very long time, until
Open Day Trades White box on daily: Note that the market made a bullish candle earlier this week, so the FOMC was bound to go up later this day. Yellow
Open Day Trades Before getting into trades, note the channel this time. We get two clear bottoms established early on, and can use these to create the channel on the
Open Day Trades Yellow circle: Note the circled MACD, so we know the 5m MACD needs a downwave before the open. 1m opens straight up off of a bullish harami,