Well well, Wall Street (DJI or US30), has defied logic! Whoever said markets are about logic? Not me. This market has surprised me in the way it obeyed 'wedge theory'. It broke out north, out of the wedge - like a bat outta hell! But now it's stalling on the 8H time frame. This has happened before and it was meaningful. I show the price action.
I've had this happen a few times before, I set an entry point, the wick of the candle hits this entry point, but then nothing happends.
I've already mist a few trades because of this. So I was wondering you guys have the same problem? Any idea on how to solve this?