In this video, I go over the possible trades in the day. I also discussed why I didn't take some trades and what trades I did take. Spoiler alert, the one I took was an Anti setup. Below are some characteristics on the day
- Yesterday's monster sell-off, price moved toward and sold off at the 50% retracement of yesterday's sell-off.
- Slow consolidation in overnight, pre-market action
- A bullish pullback setup
- A bearish failure test at or near the 50% retracement.
- The failure test was followed by 3 strong bearish candles
- Anti-pattern setup following the 3 bear candles.
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