We didn't get a close below 16.85. If close above supply zone can challenge the next one around 18.50.
First short order stopped at BE, second cancelled due to the fact that AGQ closed above NL on good volume last week.
pantheo
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SE triggered at 61.8 of yesterday's pin bar rejection. I have another one at 78.6, just in case
IvanLabrie
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I think so, looking to buy the weekly retracement.
pantheo
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We need a close below 16.85 to have more conviction that temp high is in. Yes, weekly retracement it's our target for longs. For now it's tempting if it goes a bit higher today inside yesterday's pin I'll short it with a 1/1.25 for a beginning. If weekly 16.40 - 16 doesn't hold might end up 1/3.50 roughly. Mid May should start the next up cycle.
IvanLabrie
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Agreed 100%.
Waiting for the monthly retrace, on May. I'm out of my longs for now.
pantheo
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Yes, no point being long here, R/R doesn't worth it. Cheers. P.
First short order stopped at BE, second cancelled due to the fact that AGQ closed above NL on good volume last week.