Buying climax bar with weakness in the rally. Shall monitor the roll over momentum and follow through of this price movement. Potential short setup on the way
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We might be looking at a temporary sell off, and a retest of the top. I'll be position to short the top if theres a sign of weakness upon 2nd retest
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I tend to always jump the gun, on shorting during a buying climax, not taking into account of upward mometum. Thus take note. In this case FB breaking new high. waiting for high pivot point to form
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FB, did come down, looking at it retesting the high and MM taking the price up for potential stop hunting.
@clt22, Thats correct, position not in play yet as its just broke all time all. Looking at a potential drop and retest of high before shorting it. Whats your take?
clt22
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@ZanderGoh, similar! im thinking of maybe go long until 249-250 and see how that goes... then shorting.