Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
Weekend lvl 7 + Double Inside Bar
Continuously falling from past 7 days and has made two inside bars back to back.
Long above 143.20, SL PDL
Short below 140.10, SL PDH
If gap up or down, follow 5m ORB.
Stock is hovering near multiple support
Fibonacci .618 @ 157
Previous top support zone @ 150-160
5 year trend-line support.
Price Action: December candle was bullish candle, and did not make a new lower low.
RSI is also turning flat.
Looks like a pennant + had to consecutive inside bars,
Go long if PDH is broken at PDH with SL at PDL ,
Short at PDL if PDL is broken, with SL at PDH
PDH - 164.5
PDL - 162.1
If it gaps, watch the firs 5 min candle, then follow ORB