This pattern is also often repeated. Weakness the previous day, price opens just above the PDL and takes out the PDL within 30 mins. Same pattern here. Shorted on the break of the first candle low. Normally S2 would have been the target but covered above $80 (round number). Price did not tag S2 and reversed from there. Around afternoon, it looked like price was forming the resistance pattern. Shorted when price took out the mini support. Price broke S1, formed an almost IB and took out the low and immediately reversed. A signal to cover shorts. I covered my short and went long. Sold at 20 EMA.
No comments:
Post a Comment