Another crazy week in the books. It is so important to leave your bias at the door. Let things show you what direction they are going to head instead of trying to force/guess. If you missed Nate's post from last night, be sure to check out the latest Traders 4 a Cause podcast. https://www.youtube.com/watch?v=kd8ag4aiuLk
You will start to see this on a lot of charts. Once it fails at a certain level it will sometimes retest that level only to fail once more.
Nate shared his levels and it gives a pretty clear road map of the trade.
RBLX Failed Follow Through
You can see that each pop failed and the next pop was lower than the last.
It is always great to see members sharing their ideas.
S Risk Reward
Just a simple R/R trade. .20 in risk for $2 in reward.
Have a great weekend.