Here is another late markup after the fact because I couldn't post. My trade group got this entry. This was about scalping to high (that ray line) and then letting some run because this could have some real nice downside potential. But entries are important. I saw a sell setup.. I took it. It hasn't "Confirmed" down trend in place but just looks like an ending diagonal to me. 50% retrace from high would take it right back to the first low and wick it made in this diagonal. Talked about this one in the video I did today. Just giving you a heads up, may want to be looking for sell entries into next week...
Commentaire:
It can continue this upward consolidation so be careful, but it looks tired.