Pulling back to Horizontal level, Approaching down trend line and rejection of upwards resistance. daily downtrend , weekly pullback to .618 looking to place stop loss at a safe space where I know it will reverse if it hits. Looking for good trades not many trades ones that I can make sense of easily.
Komen:
I adjusted my entry and the horizontal line a little higher to where it interacts with more candles and wicks. But if it shows signs of selling off during the next hour I will get in the trade.