A nice pin candle off of a key support line

15 במאי 2018

A large bullish pin off of a key support trend line signaled buyers ready to step in and defend price. Price took off shortly afterward.

15 במאי 2018

הערה

I never took this trade but I was long individual stock which benefited from this setup. One could have traded this as stocks through SPY, option w/ short puts on the SPY, or long futures on /ES.