I should have stated that if we had gotten a breakout retest and continuation taking out the last high the go long. Also i have now realized that there was in fact a counter trend line (C.T.L) present and in addition price action (P.A) has manged to break out retest and continuation taking out the previous low a short trade would be valid.
Komen
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Even thought this is a loss lesson learnt always trade what you see and not what you think.
Komen
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What i should have done is draw the pennant and allow the breakout retest and continuation the take place in whichever way.
I like your idea R, daily show casing a triple bottom. Run to the long side has started. Waiting on the DXY to get its bounce higher which would go counter to your idea here long term, weaker USD... Any thoughts
Nardobanks
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@gremic, : I should have stated that if we had gotten a breakout retest and continuation taking out the last high the go long.
Also i have now realized that there was in fact a counter trend line (C.T.L) present and in addition price action (P.A) has manged to break out retest and continuation taking out the previous low a short trade would be valid.