4H:
Formed a LL, come back up, retested 4H resistance and Rejected.
1H: Formed an ascending wedge into 4h Resistance, failed to make a new high, broke out with a huge evening star forming a LL
4H Resistance lines up nicely with 50 fib of previous move down.
Ran fibs on the breakout, price has come back up to retest 61.8 (Also larger timeframe 50) and posted a solid evening star , I beleive this is our second LH and so will now start moving down.
Steamroller indicating Pivot formed.
Formed a LL, come back up, retested 4H resistance and Rejected.
1H: Formed an ascending wedge into 4h Resistance, failed to make a new high, broke out with a huge evening star forming a LL
4H Resistance lines up nicely with 50 fib of previous move down.
Ran fibs on the breakout, price has come back up to retest 61.8 (Also larger timeframe 50) and posted a solid evening star , I beleive this is our second LH and so will now start moving down.
Steamroller indicating Pivot formed.
Trade active:
Took profit on 25% at 9380. Stop won't move till LH confirmed
Trade closed: stop reached:
Stopped out. Happy with the way I played the trade, followed the rules of my trade plan. May have to add an exit condition though, After the 4H close above 9380 I was pretty sure we we're heading up. Could have closed out in some small profit and possible flipped.