I know this is a bit late to the game for this post (sorry I was working) so this is more of an after action report at this point. On the hourlies, I saw this wedge forming up so I put in bracket orders. I felt like it would go south. bracket was buy at 165.5 and sell at 162.5. sell got triggered on news and I got out at 153 for a 7% gain.
next up im watching the 4 hr and day for a retest of the wedge and after a move lower. If the retest doesn't break the resistance ill short to $140.
Cheers guys
next up im watching the 4 hr and day for a retest of the wedge and after a move lower. If the retest doesn't break the resistance ill short to $140.
Cheers guys