6/25/2010
The TF completed to our lower target at 631 from our last upper target at 674. We would be careful on the shorts here even of the market sells off a little into the close. There is a major decision level here and we might not know the conclusion until half way through Monday.
Knowing the 631 lower level gives us odds to NOT go short the 3 minute after that level has been achieved. This is where knowing the bigger pattern and trend and sticking to it will help you to make good day trading decisions.
Stop looking at a 1 minute chart and use multiple time frames for confidence. It is you learning how to do it then breaking it down into something you can repeat.
Happy Trading
www.eMiniSchool.com
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