We made a lower high and a lower low, and we closed under the 8ema. Stochastics are still in the mid-range. These are constructive for our short trade.
Unfortunately, we formed a Doji candle today. This represents indecision or uncertainty. A nice red candle would have been preferable but while a Doji causes one to pause and fear the next candle will begin a reversal, its certainly not a reason to exit the trade at this point.
No doubt we should hold the position tonight.
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