Spot on here man, Where do you think we go from here though?
madsroland
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@itsmyles, I would wait and see. It might bounce back to new highs breaking the top. Or it will go below the major trendline and a big drop will be highly possible.
itsmyles
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@madsroland, Thanks for the info. I'll be keeping a close eye on it. Where would you place as stop loss at, at this point?
madsroland
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@itsmyles, if you are long, then place your stop under the major trendline with a reasonable buffer $-600 to protect you from a fake breakout
itsmyles
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@madsroland, sounds solid. I'll aim for 17 - 17.2k. Thanks again for the advice.
madsroland
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@itsmyles, no problem just don't blame me if it doesn't go as I predicted. :)