I have posted this elsewhere.
5 min chart. We were confident of a break of 50/D P combo.
A string of lower highs, a hammer trying to reject the 50 level. Then another 2 lower highs follow that hammer.
2 closes right on the low of the range, another set up we like for a sell in this case below the 50 level.
5 min chart. We were confident of a break of 50/D P combo.
A string of lower highs, a hammer trying to reject the 50 level. Then another 2 lower highs follow that hammer.
2 closes right on the low of the range, another set up we like for a sell in this case below the 50 level.