Friday and I was back in the markets after a short sick leave. The magic date of 111111 implied starkly bullish markets and good trading from my side.
The chart above displays ERIC B intraday Thursday and Friday. It shows a pattern that I like and sometimes manage to trade successfully. Small troughs build up, each slightly higher than the previous one. When we see three, four or five of them, depending a little of the time frame of the chart, in a consolidation phase the breakout over the highs usually leads to quite powerful price movements like yesterday.
Enjoy the weekend folks!
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