Looking to pick up some zon at the 618 retrace, would make a sick looking head and shoulder if that is the reversal. Seems to me like a logical place to go long.
Comment:
if this plays out i dont think i can settle for a small position. I will have to go big.
Patience. Wait for clear bottoming pattern. No Knife Catching.
Comment:
That is one ugly bearish engulfing candle. bearish marubozu candle.
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Patience. Wait for clear bottoming pattern. No Knife Catching.