Price rejected our trend line and broke through it. On the hourly chart, a smaller trend line has been broken. We are selling the breakout and possibly adding more on a corrective move for further weakness.
I remember reading a quote, I believe it was from Jack Schwager after interviewing many great traders. GOOD TRADERS KNOW WHEN TO EXIT THEIR TRADES, BUT THE GREAT ONES KNOW WHEN TO CLOSE AND GO THE OTHER WAY.