RSI
A Recent Swing Setup I Played
By aerosdg - Posted on February 15th, 2008
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So Ive been focusing on swing trades lately and thought I would share a recent one, Ill post a few others soon.
Basically I saw ACAT consolidating with a overhead gap that it might have attempted to fill.
I found a Bullish 3 Inside Up Candlestick Pattern followed by a small break out on higher volume than the previous day. I took an entry the next day at open and exited the position fairly close to its top. I guessed it would ride up to the gap and hit resistance there. It has since consolidated at that level and is now turning downwards. It was a good profitable trade.
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