Disliked{quote} Not quite sure how you evaluate that move as a weak leg down? looks like a highly efficient move down to me. Market fills in all the way down with no need to retrace.Ignored
That's a good observation about market fills and not needing to retrace. But it did retrace, and that's where we got our high at 2.0428 from. That area has no untested spots. There are no major stops there.
It is definitely possible we break 2.0428 and then have another high in between 2.1000 and 2.0428. We have to observe the market as it moves up there to determine if we should get out. If there is any doubt after 2.0428 I'll get out with very nice return on what was risked. But for now, 2.1000 is ultimate target.
If we do get another retrace after 2.0428 but before 2.1000, I will look to fade that whole move when timing appears right. Or not, I might see something better by then.
