Some good levels for rinse and repeat traders intraday, with no further clues to the larger picture .

We’ve had a few rejections of the averaged neckline area (yellow arrows) and have turned down once again from the highs. I’m still holding most of my short position from the right shoulder. taking pips off and adding back. It isn’t unusual for for a pattern such as this to take its time and hang around the neckline area . The bears need to take charge and drive this one home from here.



Horatio Dubsly

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