clylbw
Well-known member
- Messages
- 454
- Likes
- 4
Hi,
Wonder whether there was anyone else doing SNDK today.
I went short just before 10:00 EST, covered it at around a quarter to 12:00 EST, but re-entered about 1 hour later and stayed till end.
What puzzles me is, at around a quarter to 12:00 EST, it seemed to me to be developing a genuine reversal pattern of double bottom, which was in fact a fake. Was there some specific pattern that I should have been aware of?
So if you also did SNDK today and stayed through the 11:30 to 12:30 EST retracement, can you please tell me your reasons for staying? Why did you see that as a retracement instead of a reversal?
Thanks a lot indeed.![Big grin :D :D](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Wonder whether there was anyone else doing SNDK today.
I went short just before 10:00 EST, covered it at around a quarter to 12:00 EST, but re-entered about 1 hour later and stayed till end.
What puzzles me is, at around a quarter to 12:00 EST, it seemed to me to be developing a genuine reversal pattern of double bottom, which was in fact a fake. Was there some specific pattern that I should have been aware of?
So if you also did SNDK today and stayed through the 11:30 to 12:30 EST retracement, can you please tell me your reasons for staying? Why did you see that as a retracement instead of a reversal?
Thanks a lot indeed.