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Another RSI(2) all day long with a couple of tweezer bottoms, but this is where you have to be disciplined. With no pivot point to base this trade against you are taking a big risk on a down market day. However, you could take it as an RSI(2) trade at 14:30 because it just crossed S1 and held it from there to the end of the day.
Why not jump out on those two red candles? Have you never seen a return to 4? The crossover at 15:00 informs this trade and mandates that you hold it to the end of the day. Watch for the crossovers - they are powerful indicators of a trending stock.
1 comment:
Nice material on day trading.
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