This trade was taken due to new Supply being infused into the market.
Also, this a live test of a concept that I've been working on as well.

Disclaimer: Day Trading/Investing can result in substantial loss; Market Enlightenment is not a signal service/provider.
The chart analysis posted by Market Enlightenment was done with the intention of educating traders.
FibonacciSupply and DemandSupport and Resistance

Penafian