CGC Daily: - Cup n handle failed, handle should not retrace further than 50% of bottom of cup. - double bottom with 2nd touch trending lower makes a double bottom with less integrity. - RSI trending lower. - possibly will continue further to the .618 Fib, but most likely lower. - playing the bounce back up to $31, - looking to enter short if resistance is broken at $27.85
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Entered short. At 27.80 will likley to head down to POC at 27. Exiting at 27
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Trade CLOSED. Profit Target met at $27. Point of control support. Played out perfect.