I place a sell stop and was triggered just as i was doing my analysis. Time is tight so if it pops up back to the 61.8% level, give it a short guys.
The risk to reward is acceptable and the distribution in volume adds some confidence in this trade.
For pattern traders, watch for a Cypher pattern on the 4 hour chart D point completion at 1268 region.
Coincidentally, it confluences with a major bullish structure at 1260-1268 region. In the coming days,
if GC rally and hold above 1300, id have to figure another way to get in. As of now, will the 1300 hold
against the rally? Again, considering from risk to...