Possible retrace here on the 4H
Edit: Don’t take this if we immediately close above the dotted line after the opening bell. This should go without saying but...that would probably invalidate the setup.
Edit: Don’t take this if we immediately close above the dotted line after the opening bell. This should go without saying but...that would probably invalidate the setup.
Comment:
I do believe this is still valid, we did close above resistance but immediately slammed back down.
Comment:
Also, although this last candle is bearish when three soldiers requires 3 bullish candles, the setup is still bearish. Last time I saw this setup (3 soldiers @TD9 resistance) on SPX it was followed by a big drop almost immediately, so that would be within the next 2-3 candles here.