CL was an earnings play and an ambush setup. There is a decisive first WR bar on high volume, a decisive move to the 50% % RZ (no choppiness), a reversal candle formation at 50% zone (a hanging man candle), a red bar that breaks the low of the hanging man confirming the reversal, and a NRIB to trigger the entry. I exited my full position at the ORL.
4 comments:
Excellent trade Anarco.
Very nice Anarco!
Thank you guys. My goal is to trade like this every day, but I am not there yet.
Cheers,
CL, yes I was bullish on this as well. It certainly was an ambush.
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