- M bandpattern on decreasing .
- Second, slightly lower peak with decreasing .
- candle with almost no lower wick means no buying pressure at the close.
- Given the pattern, an immediate entry is acceptable.
- Take some profits of table when price hits $110. If price breaks the $110 resistance, and continues down through the $109.35 mark, hold through to the $104.12 resistance.
- If price does not continue down through either $110 or $109.35, exit entire position.