SHORT

MMM: I'm looking for an "M" formation today, stop hunt high back to yesterday's high followed by the drop down to the EMAs.
GOOD LUCK TRADERS!

Order avbruten:

Prior day's high did not hold as expected. M formation developed from 3:30am to 4:30am (NY time), but then held up in a LEVEL 3 consolidation phase. I do expect a drop this week so I'll keep an eye on price movement and wait for the pattern to develop before going SHORT.