- Enter PUT at 9:35 (break of previous day high) and exit at 9:47 (bounce off previous day close). This is the classical opening gap fill play. RSI clearly flashing overbought right after the opening bell.
- Enter CALL at 9:55 (failed break down of previous day close) and exit at 10:30 AM (rejection of previous day high).
- Enter PUT at 10:30 (rejection of previous day high) and exit at 11:30 (RSI flashing oversold).
- There a consolidation pattern with 4422 level as the new support level from 11:27 to 11:52. On the MACD we have a buy signal at 11:53, but to play it safe we would like to see a break of 4425. We also got a EMA 9/21 cross over buy signal at 11:57 coinciding with the 4425 break. Enter a CALL at 11:57 and exit at 12:56 when RSI and MACD flashing sell signal. Also if you missed the entry signal, there was another opportunity at 12:15 once it bounced off the channel and if you still missed this entry, there’s another bounce off the channel later, however I would strongly advise against entering such position.
- Final trade of the day, enter PUT at 13:08 once we saw EMA 9/21 cross under sell signal and cover at 15:00 once the channel breaks and also RSI flashing oversold. Other potential entries off the rejection of EMA, but very subtle.
