More on BIDU

While I hate the idea of entering a trade in the volatile and manipulative morning session (I never entered longer term trades before 10:30-11:00 because of all the manipulation of overnight orders/limits/stops, etc). BIDU may be an exception as the stop is fairly close, you could place a stop above the Shooting star's highs.

Here's the 3C update for BIDU

 BIDU daily 3C leading negative at the triangle

 BIDU daily Money Stream from confirmation to a negative divergence at the top and a leading negative divergence though the triangle.

 This shows the 15 min 3C moves in BIDU and areas of negative and positive divergences, most importantly is the negative divergence in to the smaller triangle within the larger one and the leading negative divergence since the breakout from the triangle.

 The 5 min chart shows a negative divergence in to the breakout as well

 Intraday, the 5 min chart shows a positive divergence off yesterday's lows like much of the market that lifted BIDU off the intraday lows and the negative at the end of the day also seen in many of the averages on the short term 1 min chart. The yellow area I believe is too early for the 5 min chart to catch up.

 The 2 min chart showing the small amount of accumulation needed to move BIDU to a breakout nd the negative divergence in to that breakout.

 Here's yesterday's 1 min chart, looks like the rest of the market, except it was significantly more negative at the EOD and it looks like BIDU's early gap fill move this a.m. is going negative as well.

BIDU is starting to turn down, maybe a position as it makes a new intraday low or phase in to a position with a little here and the rest on the price confirmation of the head fake move.