Articles tagged with: EMB
Breakout Intra-day Range and Resume Same Direction, Day Trading Journal, Day Trading Pattern Analysis »
Today, I encountered three beautiful early morning breakout patterns. They either opened flat or with a small gap up. The stocks were first stopped by yesterday’s high level, but quickly broke out of that level and shot up high. This has become my favorite pattern in the early morning session. It has a very high success rate and usually formed the setup early in the morning (often before 10am). Take a look below:
The first one is BID, which broke out completely on the 4th 5 minutes bar.
The ideal entry point …
