The first counter trend break of a channel move is called 1CHBO. The BO is usually expected to fail and is a signal to enter in the direction of the channel. Here are a couple of nice examples. Continue reading “1CHBO – 1st Breakout of a Channel”
E-mini ES 2019/07/11
Bull gap, mid range, Opening Range, 1fBO, SC, mDB, mDT, fH2, 1P, WfBO, BT
shallowest trend lines from yesterday
daily chart
Always In Long (AIL) since 07/01
close above the high of last week, but not above the prior bar
aggressive bears see a micro Double Top