The best trades of the day – the buys at Fut close – also set up as 3Min Bolli, and as a with-trend entry, it really was a no-brainer. By just trading the 3Min Bolli system, I would have been up 5.5R today.
That was all I had to do … but I wanted to short. So let’s have a look at how PA unfolded and identify the clues that indicated the best strategy.
RES 1 level had been tested many times – this is not reversal PA but instead, it indicates a high probability that a break out is on its way. Of course, it was also correct to be looking for another failed attempt at 12116, but the shallow pullback, the closed gap and the multiple tries at the level were all signs that it was ready to break and that if it did it could lead to a monster rally.
