Stopped out of the trade. Lost 5 points. Well, a good lesson to learn here – never enter a trade before the entry point is confirmed. In this case, I THOUGH there will be a rising wedge. In fact it was a clear double bottom.
Plan for the rest of the day is to wait for a pullback and just follow the trend and the trend is UP.
Edit: Teh market is really straggling to break above Friday’s hight, no follow through, it looks very undecideful right now and it easy to get shaken out. In fact the most profitable strategy today was – buy support, sell resistance.
