I marked the range at which it may trade with blue trend lines and i set up my short idea as well. Nice risk vs reward ratio. NOTE The market is not open as the time of writing so i will wait to see what happens when the market opens, before making a decision.
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Maybe the stop is too greedy, i think i will move it up a little. But im still waiting for market to open and settle before making a final decision.
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I have decided not to do the trade. The volume on the lat dip is too significant, and it could take us to a new local high. ie $15.50