Market retreats to 20 period EMA after making new highs (for long positions)/lows (for shorts) with ADX (14period) >30. Some people use the 20 period SMA . Projection is a retest of the highs. Trailing stop. ***Failed grails tend to move (painfully) in the opposite direction.
Setup invalid below weekly EMA (5.73)
Setup invalid below weekly EMA (5.73)
Commento:
This played out with the gap up to $7.50.