Completely busted not too common to see RSI>73 bust up a pattern like this, usually stop outs at least respect a level even if only pausing slightly - this one was just plain wrong....
Comments
dionvuletich
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Busted... could not hold the line... position long based on HTF so not too concerned...
AlanSimpson
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where will the correction range end ?
dionvuletich
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No one knows..., I'm actually position long and looking to trade the correction lower but only as a brief correction of the current uptrend as noted in the chart
Monthly is at support and looking bullish but has significant resistance ahead around 1200, I think you really need to step back and look at the Monthly chart to answer that question