based off of the 1hr view im looking to take a position in this channel. based off of the channel im projecting price to correct to about the 50% fib.
Trade closed: stop reached
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a sell channel came out of the rally instead of a buy rally but no worries stop loss was hit and we'll play price action for a while while we dig deeper into the wave.
Trade closed: stop reached
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current market structure presents idea of consolidated correction.