The ER2 Trading Journal

er 666.8 long

 

Earlier selloff in er2 could be a trap. In a quiet day like today, (and also a Friday) it could get ramped up in the afternoon.

Yesterday's AM selloff flushed out a lot of weak hands...

 

rui formation

 

5 minutes chart:

 

One interesting observation I have is, for the past couple weeks, shorts are covering their postions in the last hour on every Friday.

 

ui new fan new support for er

 

on 5 minutes chart, a strong moves might come.

 

ui new fan new support for er

 

Forgot to attach that chart, on the 5 minutes chart, that upside trend line was about to break.

 

So the new support is at 38% retracement.