Traders Laboratory - View Single Post - Market Ready For A Pullback?
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Old 09-21-2006, 12:34 AM
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Re: Market Ready For A Pullback?

Markets gapped up above the previous days range. It tested the previous days high and found buyers. Price then ended up rotating between the R1 and R2 pivot line.

Whats interesting is that the gap up caused the market to trade above the key price level of 11670. This area became support and offered several good long opportunities.
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File Type: jpg 092006rotation.jpg (93.4 KB, 10 views)

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