With the long tail on the daily chart just 1 hour ago, it looked poised to go higher in the days to come. But I ain't so sure now. We also broke and closed below 5/7 low!
shizo, can you tell me what was your reasoning behind going long ? With all your respect sir, Im just curious because I am sure you are much more experienced than me, I would like to see what you saw that made you go long ? Meanwhile the whole time I was shorting the shit out of CL since of the downward momentum plus the key reversal shooting star we had formed at the peak, I wasnt getting any confirmations of reversal back up.
Don't expect to hear any excuse from me. I was flat out wrong on my assumption. Here's what I was monitoring at the time.