SHORT
Updated
MMM: I'm looking for an "M" formation today, stop hunt high back to yesterday's high followed by the drop down to the EMAs.
GOOD LUCK TRADERS!
GOOD LUCK TRADERS!
Order cancelled
Prior day's high did not hold as expected. M formation developed from 3:30am to 4:30am (NY time), but then held up in a LEVEL 3 consolidation phase. I do expect a drop this week so I'll keep an eye on price movement and wait for the pattern to develop before going SHORT.
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