Huge area of resistance. Price just ranging. Took a limit order. Thought I had missed it, when price had dropped. But some elementary knowledge of Elliot wave theory told me that we might see 1 last wave higher. Price had a liquidity spike and swiftly dropped at end of market day. Huge wick indicates resistance zone still strong. Should have closed trade earlier.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.