Fortunately, our tightened Stop Loss held. Today closed under the 8ema on a day with decent volume and on a Friday. If more traders were worried about a gap up on Sunday night than the number of traders who are bearish, then we would have closed near the high and over the 8ema, in my opinion.
We also stayed under the down angled trend line (thin white line connecting the tops of last 4 candles).
I don't like that we made a higher low today, but overall the sentiment still looks bearish. So we stayed in the position for the weekend.
No comments:
Post a Comment