Don't let the red candle fool you, a bullish pattern may develop

07/22/2020 08:54 AM - By Brian Casto
A red candle that makes closes at recent highs has often favored this side...

Opening Gap - Down

Status - the gap up yesterday led to a new high followed by a sell off leading to a weaker close

Instrument - ES, NQ, YM, RTY

Set Up - Intraday

Trend - UP

Type - Long

Entry - 9:30 am ET (Open)

Exit - 4:15 pm ET (Close)

Brian Casto