Friday's price action wraps up big June: Brooks

Brooks Price Action Analysis of Friday, June 28

pending chart 2177

Opening Range, wedge top, higher low major trend reversal, big two legged pullback in a bull move, double top, parabolic wedge, possible triangle top

  • Friday, June 28, 2013
  • Bar 1 - Gap down, doji, sellers at the high of the bar and probably scaling in higher buyers at the low of week of the bar and probably scaling in lower
  • Bar 2 - Since sellers at the high of the bar and probably scaling in higher, probably signal bar
  • Bar 4 - Big breakout, more down, but might get or soon
  • Bar 6 - Close on low but big bar so sell climax
  • Bar 7 - Big bull inside bar but trend from the first bar ber so sellers at the high of the bar and probably scaling in higher. Might be buyers at the low of week of the bar and probably scaling in lower for 60 minimum or minutes or
  • Bar 9 - Micro double bottom, 60 minimum or minutes or. Ok swing buy or long since might be low of the day but better to wait for bull breakout or major trend reversal
  • Bar 12 - Close on high, small breakout. Ok swing buy or long
  • Bar 13 - More breakout, always in long
  • Bar 15 - Bear inside bar, double top 2 but 1st pullback since always in long so buyers at the low of week of the bar and probably scaling in lower
  • Bar 17 - Two bar revresal, one legged pullback in a bull move but after buy climax and at resistance so swing or wait
  • Bar 19 - Big bar, close on high so buy climax. Might enter trading range in yesterday tight trading range
  • [more Bar-by-Bar Analysis, Daily Webinar and Trading Course info at www.brookspriceaction.com and www.brookstradingcourse.com]
About the Author
Al Brooks

Al Brooks, M.D., is author of the Brooks Trading Course (27 hours of videos at BrooksTradingCourse.com), several books on Price action (Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader, Wiley, 2009, and the 500,000 word, three-book series, Trading Price Action, Wiley, 2012), and numerous articles in Futures Magazine. He also provides live intraday E-mini price action analysis and free end-of-day analysis on www.brookspriceaction.com.

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