Profit taking - Price has passed the top of the channel...

Price has passed and then fallen back to the top of the channel. I've exited my 6 X leveraged position at 5725 (established at 3,300) here for a little breather.
I might regret it I know :) My thesis is that price has over extended and will retrace back into the channel.
Lets see how it goes. I'll be looking to buy back in (heavily leveraged) at right time :)

Comment:

Nailed it :)