Dislikedhere is a breakout setup I noticed, that failed. Just curious if I at least had the right idea?Ignored
there are two ways to play pullbacks. You can sell as you did right at the former breakout area. This would be in the touch trade arena. Or you can wait for confirming PA. I notice you wrote trade failed, but this trade was a perfect one if you played a touch there. If you look at 8990 this is clearly that first trouble zone so IMO on a touch trade you are at b/e at worst at that point sine it is more aggressive trading with tighter stops. I always wait for PA on my pullbacks sine I am more conservative.
Best
Mike