I'm going to hold a long position before the formation of the same red candle.
Recent Bearish Harmonic Fib structure withing upward channel playing out. Buy zone around .886 fib.
Uptrend, pullback is a great spot to place an entry to join the uptrend
Today's high hit the upper boundary line in this multi-year sideways channel. It appears to be a re-test after a false break. in late 2012. I'm looking for a at least a couple of points of downside to ~49-50.
Momentum has waned and distribution is ramping up. A breakdown looks imminent. Mores notes on the chart
www.stocksetups.com
Will be a highlight tomorrow on monthly sales, might disappoint