Richie - OSTK made a big move on huge volume and drifted back to
SUPPORT and then bounced. One must also know that OSTK tends
to trade with Bitcoin. Quite frankly, we have discussed
watching the 9 day EMA for a trigger on a pullback ad naseum.
I posted the chart a few days ago as one setup to
monitor. Examine the 60 minute chart coming into today and
you will see a bull flag. Chart attached below. Employ
the principals we discuss night after night - you must put in the
work. It's not about specific buy points it's about understanding
the flow that's important - the concepts versus identifying one
specific price are what's important to undertand. With that
said, a simple trigger on the daily would be moving back above
yesterday's high and then confirmed with a volume break of the
horizontal resistance - earlier trigger on the 60 minute flag
break. STUDY THESE CHARTS and apply to future
trading.
Richie - OSTK made a
OSTK Daily View Update
Posted by steve on 26th of Jun 2019 at 01:22 pm
Richie - OSTK made a big move on huge volume and drifted back to SUPPORT and then bounced. One must also know that OSTK tends to trade with Bitcoin. Quite frankly, we have discussed watching the 9 day EMA for a trigger on a pullback ad naseum. I posted the chart a few days ago as one setup to monitor. Examine the 60 minute chart coming into today and you will see a bull flag. Chart attached below. Employ the principals we discuss night after night - you must put in the work. It's not about specific buy points it's about understanding the flow that's important - the concepts versus identifying one specific price are what's important to undertand. With that said, a simple trigger on the daily would be moving back above yesterday's high and then confirmed with a volume break of the horizontal resistance - earlier trigger on the 60 minute flag break. STUDY THESE CHARTS and apply to future trading.
https://stockcharts.com/h-sc/ui?s=OSTK&p=60&yr=0&mn=1&dy=0&id=p82946741877&a=673089935&r=1561569655456&cmd=print