one final wave down before pltr breakout? bearish sfp signal
i, like many others got rekt trying to long the fake breakout on pltr today.
pulled out after we took out the last 4hr candle to the downside..
pattern is still overall very bullish and bears now owe me my money back so i will be re-enering this trade if we get a test of the bottom trendline, or if we get a 4hr close above the trendline.
big mistake not waiting for it last time lol.
if youre trapped here and got time, waiting wouldn't be the worst idea. contracts i had expire on the second and this triangle expires on the 1st so i couldn't afford to burn all that premium.
pulled out after we took out the last 4hr candle to the downside..
pattern is still overall very bullish and bears now owe me my money back so i will be re-enering this trade if we get a test of the bottom trendline, or if we get a 4hr close above the trendline.
big mistake not waiting for it last time lol.
if youre trapped here and got time, waiting wouldn't be the worst idea. contracts i had expire on the second and this triangle expires on the 1st so i couldn't afford to burn all that premium.