Sacrophage wrote:^I am just learning as well, but this is my take. It hasn't broken through resistance and risk looks like the 3 semafor on the downside, so, no, I would not go long there. Long from cone bottom or below if possible, and vice-versa, with a tight stop. Cone is just a resting place until the next breakout, so be ready to cut if you're wrong.
Thanks, Sacrophage. Your comments are valuable. I shorted GJ at the top of the cone.