It appears to me that the Hagopian rule is about to play out and we are getting a chance to enter this trade with a very small stop.
The Hagopian rule
This rule is invoked once a confirmed pitchfork breaks without the price ever reaching the median line, what should follow is a bigger movement in the opposite direction.
The Hagopian rule
This rule is invoked once a confirmed pitchfork breaks without the price ever reaching the median line, what should follow is a bigger movement in the opposite direction.
Trade active:
SHORT @ 10 722
Trade closed: stop reached:
Mr. Hagopian was not welcome, or I did something wrong. :)