Ok, this is what I'm looking for. It's a great setup of what I planned on doing yesterday.
1) Stock was up pre market
2) Support confirmed by the 3rd tick from the open on huge amounts of volume
3) Stock rallies to resistance and falls back on pre established support level
4) Stock rallies off support and breaks through resistance on huge amounts of volume and settles on top of resistance and makes it support
5) Market conditions were solid. Great economic news came out and volatility was down 5% from yesterdays huge sell off.
This second chart below is LDK. I paper traded this roughly a week ago and the setup is almost identical.
1) Stock was up pre market
2) Stock confirms pre-established support levels with huge amounts of volume at the open
3) Stock rallies and hit's established resistance and falls to confirm a new support level. Bearish and Bullish Candles bottomed out at the same levels
4) Rallies and breaks through resistance first level of resistance and hits second level and pullbacks.
5) Q's fell at open but rallied just before 7am PST
All I need to do now is have the patience to wait and wait for this setup to happen while ignoring all these stocks that rally around me. That's going to be the hard part.
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