Short

Costco deep retracement

Updated

Cost has been retraced to the lower boundary of the previous ascending channel. would continue to monitor and wait for a price action rejection. we might get this very soon or wait till 2 weeks. price rules the market.
Caveat emptor. This isnt a recommendation. it is for educational purposes only.

Note

this trade left a lesson engraved. despite the fact i was bearish, i got in way early and got burnt. lesson learnt. always stay liquid. noting beats a good setup with lots of patience.

olakunledean

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