Going Long off 5-minute chart
Day Trading, five ways when to go long on the same day (5 minute chart). 1. Breakout of consolidation from previous day. 2. Open up above Daily Pivot. 3. Strong - Morning Gap-Up, return to VWAP and acting as support. 4. Strong - Break-out above first 15-minute box and box acting as support. Note: Weak - did not get above previous days high until end of day.