Many traders like to find ways to short the tops and buy the bottoms

It is vital to understand when a move is not playing

out as expected

Never a warning shot given as price

approached support that we'd lose the level

Something you'd expect to see given

the context of the play

WHAT IF THE PIN FORMED AND PRICE DIDN'T MOVE?

BATTTLE!

Important information?

We get the obvious pin bar and what would you

expect to happen?

Would you expect consolidation or would

you expect clean rejections like the previous ones?

These are types of questions you need to

ask in real time

Reading the price action would alert you that the bulls are in jeopardy and a long play could get painful

Price action was not pointing towards upside at the point before the

news release

CANCEL

I read it as a failure test of lows (not a “fakey”

Will it turn and take out the long heavy

candles that formed?ANSWER: It slammed back the next day

Let the price action tell you the story and you

just read along