If this last few weeks haven't been lesson enough let me reinforce it. DON'T START WITH A BIAS. Last week everyone thought it was the end of the world and now this week they are back to saying the bottom is in. If a batter thought every pitch is going to be a fastball right down the middle they would strike out almost every time. See the ball and then make your plan from there.
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Looking back at Fridays chart, Nate was able to base his risk on the lows and catch the bounce on Monday.
BGXX Risk Reward
Using the highs from the prior candle really have a great R/R trade.
This had that bouncing basketball setup and then DividedChamp posted the news a couple of minutes before the big drop.
DividedChamp with another big early post on Thursday.
You can see how it had started to put in lower highs and each pop was failing again on the way down.
Enjoy the long weekend!