How beautiful is that?! Price action went in our favor big time. But wait it gets better.
You can't see it on the chart because I don't include after-market data on the YM Daily chart so I can see the overnight gaps, but last night I added a Sell-Stop at 27250 and 27364. 27250 corresponds to the H&S Neckline, which might get hit on the way to the 8ema. 27364 corresponds to the top of the gap, made by the low of 3 trading days ago. 27250 was hit at 20:01 ET last night and 27364 was hit 04:39 ET. The original 27001 entry was yesterday 06:13am ET.
Then, after the 2 additional scale-in orders were hit, look out below. We closed today at 26685. How beautiful is that?!
On the way down we have 3 scale-out orders to cover at
26500 - Bottom of AB=CD projection.
26386 - Half the H&S projection.
26250 - The 61.8% Fib Ext.
If we get another candle tomorrow like we had today, which would be asking a lot, we're likely to hit all 3 targets and be out before the weekend. But we'll probably get a partial retracement or a Doji candle tomorrow.
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