Short bias development on A.
Updated
This one took me only 20 minutes. Getting quicker...! Doesn't mean it's right, but I'm getting through the steps. Patience +1. Money +1? TBD.
It's also very possible that we just had a leg out of a flag pattern and now everything I said will be totally wrong. Wouldn't be the first time. But, this is way more interesting than just using indicators.
It's also very possible that we just had a leg out of a flag pattern and now everything I said will be totally wrong. Wouldn't be the first time. But, this is way more interesting than just using indicators.
Note
It was looking very bearish at the time. Markets rallied. I typically don't enter short on stocks, but this was a good lesson that markets eventually rally higher, and the down bias has to be broken for that to happen.
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