Need patience today as the first trading day of the week sometimes means trouble as I get eager after two days off.
Strong trend down right out the shoot. Definitely had to practice patience as I waited for a pause and some clues. The pause produced a triangle which I felt would move south so I entered near closer to the top to minimize my initial stop which I wanted to keep above the PP (purple line).Exited at the volume spike and prev day low for +19 points. Market kept moving lower after a short pause (not shown) but I was happy with the trade none the less.
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