Publishing daily support and resistance levels and price action tips for futures traders and spreadbetting traders.
I've set up this blog to post some of my analysis and trades. I trade the E Mini S&P futures contract based on price action, mainly PIN bars, along with support and resistance, fib retracements and divergence. I will be posting important support and resistance levels each day including some levels based on market profile.
I will also post trades that I made trading off the 5 minute chart on the ES (e mini S&P) and occasionally trades off the 1 hour timeframe although they occur less frequently.
Wednesday, 7 April 2010
Two Bar High Lower Close Signals
Another setup that occurs from time to time is a two bar high with a lower close. This is a combination of two bars or candles that have exactly the same high but the second bar closes below the low of the first bar.
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