Tuesday, March 26, 2013

Fibonacci Ticks 233-6765 TTM

There were some nice trade set-ups on the TTM Squeeze on the shorter term Tick charts as volatility coiled. We had a double bottom mid-day that produced Squeezes on all of the long term Tick charts. The trade direction was a high probability up move with the A-Wave above zero and the C-Wave contracting from the bottom, along with Williams Alligator's Jaw (Blue MA) supporting price at the retracements from highs.