Net net, the 3rd candle was a Power Bar followed by the customary pullback(why we usually wait until 10:30).
Once we have a fish on the line, we watch closely to see how it handles the inevitable pullback in addition to how the overall market is behaving..which was lackadaisical for most of the day..drifting lower, higher, lower..etc..etc
Anyway, once again the multi-unit methodology shows it worth as we were able to lock in a nice profit on 1 Unit while still holding for the potential overnight pop(or drop).
Also, note the 5 day consolidation base that this stock has broken out from in the past few days.
The ideal scenario is to have as many factors in your favor when entering a trade.
It just so happened, that today we were fortunate enough to be on top of one that did.
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See everyone in the trenches of the markets........