This was a very confusing trade. I was sure the HnS would work, if not the general bearish sentiment on indicators looked good for a larger drop down. We did drop down, and retraced pretty much a large part of that move up from the mid7s. However we held support at the bottom of that weekly S/R level at roughly.
Where we go from here? In the short term I can see a bounce from last night wreckage however medium term I am unsure. Because the trade didn't work out I will be taking a couple days off to evaluate.
Where we go from here? In the short term I can see a bounce from last night wreckage however medium term I am unsure. Because the trade didn't work out I will be taking a couple days off to evaluate.