MightyOne wrote:And now onto the update...
So, just as we could clearly see, it was indeed the second breakout of a cone (more like a flag with price spiraling around it).
Price found resistance at 26 and down we went.
Side note: I purchased a new brand of pen called "InkJoy" by PaperMate & I love everything about this pen.
I think that I payed $2.38 for a pack of 8 that contained the colors red, black, and blue.
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Shorted at 26 where your pen is, with a 2 box stop? Or short at 23 on the break of the low? Or entry off of candles once the setup is formed?