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The spike phase at support (daily 20 EMA) was rudimentary for me to enter on. I exited early in the PB because it was a P wedge and I expected a decent sized PB. Attempting to re-enter was tough, even with me recognizing the spike as the dominant feature on the chart. It seemed smallpull back-ish hindsight, but I'd like to recognize this situation sooner.
Dear Carpet,
Thanks for your nice explanation. We learn more with you also.
Regards.
I know it because I started getting frustrated because the buys never look good enough and yet they keep going and going and I sit there looking for something better and it never comes. After 12 years small PB bull and bear trends to me at least are the hardest things to trade. I'll take a nice swinging wide trading range any day.
