Broke up Resistance line, Close gap --> $560 profits
5 min Nasdaq Emini
Hi,
how is it going? the market has been choppy lately... but strength is still there and it is evident that the market is still holding up.. Price gapped down by almost 10 points this morning...
Price action thereafter is choppy...It's easy to get killed if you entered during this period.. I patiently waited for a chance...
The chance came at around 15:30 when price broke above the resistance line ( see green dotted line) I longed 1 contract at 2048 and when it break past today's open price, I longed another 2 contracts at 2052... I held it all the way till the end.. and exited at 2060... The gap did close and I made $560 profits.