What goes up must come down… or so the saying goes. Yesterday I showed how Hawkeye identified a $21k trade opportunity using daily charts. The longer trend is indeed bullish. But today, I show how corrections in daily bullish trends can be profitable on an intraday basis.
Using the 3 minute chart, I show how Hawkeye identified a sweet volume setup for a potential profit of over $6k in only 2 hours. Even though the overall market is long, we still can identify correction trades. So, “what goes up must come down” was a good catch of the day. When you trade with volume, it’s easy to see the directional intent of the market. We teach these methods in all of our training classes. Watch and learn to trade the Hawkeye way!
Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.
Learn to trade the Hawkeye way.