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Since no chart postings tonight, I want to share one of my favorite high momo setups - Extended inside day
Look at each chart! Looks over extended. Prints an inside day on highs, then BOOM... Next day explodes!
Four recent examples: $PENN $BLNK $PLUG $DQ
Why is that?
[Thread]
![Since no chart postings tonight, I want to share one of my favorite high momo setups - Extended inside dayLook at each chart! Looks over extended. Prints an inside day on highs, then BOOM... Next day explodes!Four recent examples: $PENN $BLNK $PLUG $DQWhy is that?[Thread]](https://pbs.twimg.com/media/Ep40ZQFXMAIbApR.png "Since no chart postings tonight, I want to share one of my favorite high momo setups - Extended inside dayLook at each chart! Looks over extended. Prints an inside day on highs, then BOOM... Next day explodes!Four recent examples: $PENN $BLNK $PLUG $DQWhy is that?[Thread]")
![Since no chart postings tonight, I want to share one of my favorite high momo setups - Extended inside dayLook at each chart! Looks over extended. Prints an inside day on highs, then BOOM... Next day explodes!Four recent examples: $PENN $BLNK $PLUG $DQWhy is that?[Thread]](https://pbs.twimg.com/media/Ep40ZvzXMAIBxjv.png "Since no chart postings tonight, I want to share one of my favorite high momo setups - Extended inside dayLook at each chart! Looks over extended. Prints an inside day on highs, then BOOM... Next day explodes!Four recent examples: $PENN $BLNK $PLUG $DQWhy is that?[Thread]")
![Since no chart postings tonight, I want to share one of my favorite high momo setups - Extended inside dayLook at each chart! Looks over extended. Prints an inside day on highs, then BOOM... Next day explodes!Four recent examples: $PENN $BLNK $PLUG $DQWhy is that?[Thread]](https://pbs.twimg.com/media/Ep40aJ0XYAADbeR.png "Since no chart postings tonight, I want to share one of my favorite high momo setups - Extended inside dayLook at each chart! Looks over extended. Prints an inside day on highs, then BOOM... Next day explodes!Four recent examples: $PENN $BLNK $PLUG $DQWhy is that?[Thread]")
![Since no chart postings tonight, I want to share one of my favorite high momo setups - Extended inside dayLook at each chart! Looks over extended. Prints an inside day on highs, then BOOM... Next day explodes!Four recent examples: $PENN $BLNK $PLUG $DQWhy is that?[Thread]](https://pbs.twimg.com/media/Ep40alHW8AAIS9v.png "Since no chart postings tonight, I want to share one of my favorite high momo setups - Extended inside dayLook at each chart! Looks over extended. Prints an inside day on highs, then BOOM... Next day explodes!Four recent examples: $PENN $BLNK $PLUG $DQWhy is that?[Thread]")
Look at each chart! Looks over extended. Prints an inside day on highs, then BOOM... Next day explodes!
Four recent examples: $PENN $BLNK $PLUG $DQ
Why is that?
[Thread]
An inside day is when the current bar does not break they high or low of the previous bar. That represents a one bar consolidation.
Or, equilibrium: Meaning, the buyers and sellers have found a range at which they agree on price.
Or, equilibrium: Meaning, the buyers and sellers have found a range at which they agree on price.
When equilibrium exists it will eventually be broken, leading to a reactionary move.
One party is going to be wrong: Either the longs or the shorts.
One that inside day breaks the wrong party is forced to fold their hand.
One party is going to be wrong: Either the longs or the shorts.
One that inside day breaks the wrong party is forced to fold their hand.
