Another landmark for trading opportunities are Pivot Low Resistance and Pivot High Support.
In the afternoon session, we had a bear environment in which the market responded to Pivot Low Resistance. The better shorting opportunities were test of Pivot Lows, and on the downward slide following the test of those Pivot Lows.
On the downward slides, good entry points were on the $TICK test of the upper Bollinger Bands.
Charles
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