Be careful of continuation wedges and triangles they are not always a signal for a trend change and are often a sign in a down trend of bargain hunters getting in early which leads to a fake breakout. I want to add to my core but I may wait to see how the market reacts, as I missed the trade at the bottom. However could set up for a nice trade to $313 again. If you miss the trade or entry do not get impulsive and buy the wedge. 65%+ chance of resuming the prevailing trend this is a statistical fact not guessing. The trend is your friend and should always be the overlying factor for positioning!
Commentaire:
Trade active at $302.
Commentaire:
Any pullback I'm out!
Commentaire:
Remember the pullback? Well we have to watch that is not a good sign.
Commentaire:
stopped out at $301.70 loss was 30 cents a coin, i'm fine with that.
Trade fermée manuellement
Commentaire:
A little more about those consolidation areas and the RSI
