Ok I may have let emotions get away from me but boy did this break out and I got a buy buy buy signal out of the box! I had to place 3 orders to get in. I should have been paying attention to this instead of writing about IOTA. But none the less, if your a scalper, or trader the buy signal just hit. Retraced perfectly to the 4th wave, bounced to the upper channel consolidated and took off quickly. I caution that we may get a pullback to the box, so pick entry points carefully. I bought a 1/2 position already and will fill the other half on any pullback. Good luck in the pits today!!!
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To be fair, I posted yesterday that this was a sell. I was incorrect as I had the retracement labeled wrong. I have updated that chart to reflect this. Even the best are wrong from time to time and I am no different. Good luck in the pits today. My buddy is going to be giving me Hell Today for this one ;)
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I have updated the graph with a clearer picture.
I have updated the graph with a clearer picture.
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I hope you are watching OMG for a setup!!!