Set ups I am focusing on
- Gap Downs
- Opening Range Breakups/Downs
- Context Play - including Trend Continuation (All Day Hold)
$VRX (Gap Down)
Catalyst - *Share Sale by Akman (big holder) - http://finance.yahoo.com/news/valeant-slumps-longtime-backer-ackman-134315130.html
Big Picture View
I want to analyse the picture view right before the open. This means I look at multiple time frames like 15, 30 and 60 minute. The Day chart helps identify the Gap - either its into levels or out of levels.