risky but logical =SELLers dream presents a return 2 reisistance

Aug 28

1->3 : number 3 closes below number 1 showing some seller weakness and creating number 2 as a solid major high

3->4 : a return to solid major high creates a strong reaction in the point 4

what do I think will happen ?

* a return to number 4 represents a potential turnaround point and perhaps a return to number 3 or even lower

* bearish divergence on the rsi,mfi and accum/dist help support this

* we have a return to the median line at number 4 using andrews pitchfork

Aug 28

Order cancelled

not entered, It's an uptrend and it would be really foolish and immature of me to enter this trade.