lowtrade

[lowtrade]

CDE

See an exhaustion candle today. Nothing goes up for ever. Fundies don't look good. No idea what caused this run. But IMO doesn't deserve it. Maybe an all boats thing with the S&P going crazy also. Ps; closed my FAS position today. Think S&P emotion is dying down)

At any rate a swing trader should take NOTE when they see a high candle exhaustion candle spike. Especially when it includes larger then normal volume. Odds are the reversal is just around the corner. I'd recommend playing it much closer to the vest from now on. Definitely not a long term hold after any exhaustion candle. More of a fingers crosses(maybe) it will continue swing position.


LUCK

Chart wise says the same thing. Flags normally come in 3's. This exhaustion candle is at the third flags target price.

Ps; The black candle notes it gapped open and finished below the opening gap. Also not a good sign for continuation. Because it's a signal retail wanted more, but emotion lost to reality and enough just became enough. Black candles :Trading psychology thing.