Double bottom, last minute rebound, Stochastics up, MACD diververgence --> $1400 profits
5 min Emini Nasdaq 100
Hi,
The market gapped down by almost 15 points today.. The fall yesterday is going to continue? We don't know, we will just watch the market and react accordingly.. I did not enter for the morning session..
A big double bottom began to form from 12:00 pm onwards and it only became apparent at around 15:20, the apperance of a hammer together with positive divergence of the Short-term MACD and Mid-Term MACD plus stochastics turning up is a very powerful signal for me to go long... I long 1 contract at 1828 and another 2 more contracts at 1835.. I held my position all the way till the end and exited at 1856 with $1400 profits.