Hey Bro
I have a few engulfing days before resuming long. at present I have a trailing stop just being nudged at .03534
meaning the inside candle days will need to close progressively higher than .035 with the final breakout filling the gap at .042
of course the volatility will have an inverse impact on this playing out as you mention traders will be all over this.and algos may pump and dump again..The RSI has turned and Stochastics are showing a flat base with the MA trigger converging... there is a divergence in the stochastics from previous lows but this is not confirmed as of yet today..
Since bailing I have been on a nice oiler , no names..."Ice wine"? with lunch.
purely TA theory posts, page-570
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