the setup this morning, intraday setup w3 enlightened me to a few years ago.
look for a high volume gap up above bollies with news, wait for a retrace to the 9 ema, starting a the 5 mins, if that doesn’t hold support go 10 mins… etc.
usually if these then got above the 62 fib on similar volume to the opening vol they would go on a run and you would sell outside the bollies. It would usually be anywhere from a 30-100% gain in a day. It seems the market just isn’t ready for these moves at the moment.
