CJ made a running triangle structure and is very corrective. There is extremely low volatility today and you have to be careful. The point of this trade is looking for it to make a larger correction and break the high, with the possibility of it creating larger structure within a larger channel and come down to trend line. It would depend how price moves.
Kommentera:
CJ going down. I still think it will come up at some point, but if you got in when I did you made money. Hopefully you took the Chfjpy sell from the top. It just produced another sell setup. That came off the 200 on the weekly and threw up a Gartley at the top.