TNA formed a wide range red bar on Thursday right on the 50 EMA. Friday was a narrow range day. I was looking for a continuation of the downtrend on Monday.
Shorted TNA when price took out Friday's low. Covered partial at S2 and remaining near the round number.
GLD gapped up but I was initially looking for shorting gold because it seemed a little exnteded on the daily. Price formed 4 spinning tops and doji's just below R2 forming a bull flag. I changed my mind of shorting gold and went long above R2.
TNA formed a wide range red bar on Thursday right on the 50 EMA. Friday was a narrow range day. I was looking for a continuation of the downtrend on Monday.
Shorted TNA when price took out Friday's low. Covered partial at S2 and remaining near the round number.
GLD gapped up but I was initially looking for shorting gold because it seemed a little exnteded on the daily. Price formed 4 spinning tops and doji's just below R2 forming a bull flag. I changed my mind of shorting gold and went long above R2.
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