A very bullish sign for the Financial sector when FAS passed the double top overhead resistance at around $74.93 in premarker trading. New resistance is at $78.42 which is good for a further 3.5%. Given the events of Saturday I expect this to continue marching forward.
Hidden divergence on three time periods.
Price unchanged, but RSI divergence down in an up trend and just coming off support -> buy signal.
TP 72.10, but could go higher
RR = 1.25
Shorter TP, could have entered Friday about 90 minutes before close, with better RR.
Back testing shows RR 1.25 to 2.0 with entries 3-4X/week.
Only check chart 3 times a day with this method.