DislikedThis morning we had a confluence of a fibo retrace, monthly M3 AND the POC levels of the last 3 days action - here using the TPO / activity setting for the AMP indy, so plenty of reasons for watching that area on the 5 min chart. There, tweezers then two LHs etc gave clear potential entries.....now will we break the last mini support at 4791 and head for the overnight 4770 area....TWTIgnored
There was a minor warning there when the marubozu and the LO doji had increased volume, but the small real bodies on the climb up to the trendline was a good sign that the down move would follow through. Entered a bit earlier than usual before the evening star pattern was official so I had some room if 4800 held (basically just didn't want to enter right before it and have inevitable initial drawdown).
Target is obvious. I wanted to hold for 50 if it continued to push through, but once we tested under the S1/Y Low I was more than happy to take pips as we came back above.
Also taken a couple nice GU sells today and still in the latest one off the S2 flag. Missed EJ though, so not perfect today. Oh well...
Edit: Since it looks like a sell and then my exit on the GU chart I should mention those were two separate sells. I got out of the first one when the second attempt to push through S2 failed and then I initiated the second sell once we broke down.