CDA 8.90 is another at or near the high of the week. The sellers have already pinned the top in and the bears have engulfed the top and trapped all the traders who bought the last 3 or 4 green bars with a doji followed by a bearish engulfing candle. The buying could have been done on Monday , Tuesday or Wednesday morning on the pullback but that trade setup is now over. Most buyers would have got out when they saw a doji following the last green candle.
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Day traders' weekend lounge December 1 - 3, page-78
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