Saturday, February 9, 2013

Wait 20 mins and try again

Wait 20 minutes and try again. Perhaps more appropriate on 5 min charts.

When higher lows or lower highs are running nicely a move will be followed by a short period of consolidation before moving again, 20 minutes or so.

There are exceptions of course. When price moves aggressively away from a moving average perhaps due to news etc a longer period of consolidation may be required.

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