These types of patterns form and fail a lot in an uptrend and it's not advisable to use them as a sole strategy for fading a trend (Unless you're also using longs to offset losses on shorts) but this is coming in an area I've been looking at for a long time. So particularly interested in it.
Built up a fair amount of short in the rally after the FOMC news. Don't know what the news was. Doubt it matters.
Built up a fair amount of short in the rally after the FOMC news. Don't know what the news was. Doubt it matters.
