One of my favorites

In a previous chart I indicated a $40 pause and bounce in CLF, well that's exactly what happened. Now, readying for the next leg down. Note to self: Scale in PATIENTLY!!!

Trade active:

Sometimes... they'll be days like this.
Notice I emphasized "Scale in PATIENTLY!!!" in my note above.
Sooo..., I added to my long here. I think this is a gift in disguise.

Trade active:

So it hit the 0 level on the fibonacci. Also, on it's way down you can see the pause on the 1.236 fib level. You'll notice there was indecision and a struggle between sellers and buyers. Sellers prevailed, hence the flush to the 0 level. Lot's of stops being wiped and weak hands eliminated. I'm still in the trade.

Trade closed: target reached:

Shot nicely thru my targets 1 and 2... BoOm!!!