One Hour Chart
Look for engulfing candles on the 30M chart at VAL if you are trading single lots. If you have the ability to scale in then just start buying Value Area Low. Below is a screen shot of yesterday's action. I started buying early the night before and bought all the way down the next morning. In the afternoon it unwound for a nice profit. You can see as well that I am doing it again this morning as I am long and looking for price to go back up in the afternoon.