Using Today chart as example. We see pullback test at 5min ORB high.
showing respect to prev breakout price!
good news for bulls!
and 5min also held the (S),
by rejection of closing back above (S) on the 2nd candle.
showing us a fakeout, tricked some impatient bears.wasted BP. sad.
showing respect to prev breakout price!
good news for bulls!
and 5min also held the (S),
by rejection of closing back above (S) on the 2nd candle.
showing us a fakeout, tricked some impatient bears.wasted BP. sad.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.