Stop moved above B/E. We have no business going down there if we are bullish. At the same time I& #39;m giving the market a space to move. If you& #39;re not in a poition yet $7503 is your long, $7460 is SL. 1st target is above those 4 untapped highs
What a reaction from the target. This is exactly why you take profits there!
I still think we will be going up though. I& #39;ve seen this pattern time and time again. Breakout traders are trapped in. Recent move will cause them to sell their positions for smart money buys and those shorting this "reversal" - their SL will serve as a fuel for further upside
Has this scary looking candle force you out off the trade? I mean obvious sell no? Inverted hammer or smth. NO! Market is designed to make you do this. Read the post above.
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