My railroad tracks performed a treat for me yesterday with LINE, LNCO and VNR all performing excellently.
There’s more where they came from yesterday and we have every chance now of a decent bounce. To that end there are more railroad tracks in today’s video and a few ‘railroad crossings’ too. I’m going to add this pattern to our reversal tradefinder in time.
Yesterday’s bounce seemed a little overdue and in part was due to the Fed’s calming words which the market was waiting for anxiously.
A word of caution in that volumes could have been a tad stronger in many cases, and some OVIs are being a little slow to respond, so stick to the most obvious patterns and don’t bet the farm (that’s just common sense!).