We have a double top failure from and have failed to pullback so far. Here are the near term trade scenarios that I see. Key trend decider at 56.50s- bearish hold below and bullish for hold above. 1 . Hold below 56.50s- a potential test of 55.35 areas is on. 2. fails to break through and pulls above 56.50 areas look to test back 57.20 areas
Trade closed manually
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It literally did play on both sides pretty nice. 1. intial shorts 50 cents hit the support ( blue line) and core positions were out there, rest stopped out. 2. the break above 56.5 was nice, not enough pullback to get a full sized entry but still was a straight through trade