I believe this is just a retracement that we're at the tail end of. The parabolic upside moves have been rebalanced and expect a continuation back up here @ some value. +EV
Trade closed: target reached:
one more exhaustion leg down then we got our move to the upside, closed position +$15. Glad I waited it out.
Comment:
after reviewing this trade I realized I should've waited for the channel retest but didn't want to miss the breakout move. Being early is a big issue of mine