Basically the same scenario as the previous day;
Buyers respond at support
Continue higher for the rest of the day
The 3/10 macd had similar characteristics as yesterday as well.
Instead of a V-bottom like yesterday we got a seed wave/ascending triangle pattern.
Exits are where indicated, however the entry was not the up arrow (apologies). Entry was as the power bar was occurring, entry price of $127.09.
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.