SHORT down to support.
You see......you had no idea whether that long Higher Prices Rejection bar off the channel high was gonna fail. However, If you too the trade, and were listening to price, and reacting to its footprints, rather than predicting what it was gonna do, Im sure you'd broken even on that short , save your hard earned capital, and now you can trade the double top
Hey Olu, this is just a MODEL discussion. Im even speaking to daily charts. I work a 7-2 job as a Physics/Chemistry Educator. I neither have ample time to stare intra-day charts=waste of time, and a recipe for curtailing great trades prematurely. I prefer to view charts once a day, NY close. But then, when I get some holidays from 7-2, I do watch the markets. But then, Imagine that signal as a daily chart. And that you watched market at NY close, and saw that first huge move up bar. by the close of that bar, I would have tightened stops to Breakeven ;)