Seeing quite a few coil patterns behaving like this. If
there's a major MA line below the coil, that seems to act like a
magnet, then reverse & rally. I use smaller positions and
wider stops if I think it's going to play out that way, then add
once it's back in/above the coil (preferably w/ volume).
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CTT daily didnt catch this one,
Posted by morton7 on 9th of Jun 2021 at 11:09 am
CTT daily didnt catch this one, talk about a complete reversal. guess that was a bear trap as they say.
Seeing quite a few coil
Posted by rjdst on 9th of Jun 2021 at 11:45 am
Seeing quite a few coil patterns behaving like this. If there's a major MA line below the coil, that seems to act like a magnet, then reverse & rally. I use smaller positions and wider stops if I think it's going to play out that way, then add once it's back in/above the coil (preferably w/ volume).