Can Patterson Reach at a NR7 Bar?

** Comments and Likes are appreciated; New Subscribers are super! **

What I see...
+ Inside NR7 bar on very high vol.
+ RSI at 63
+ MACD is bullish
+ 10MA has just crossed above the 50MA about 10 sessions ago
+ Lower price stock
+ Bollinger is still relatively narrow

- 10MA is still far away
- Upper shadow today failed to form a true inside hammer

What I setup...
+ Long entry above $4
- Stop at today's low
+ Target at lo $5 range
:: Duration - 2 to 6 days

Order avbruten:

Setup failed to trigger; cancelled trade