There was some talk in comments about BRCM as a setup and trade. Several people took it and were stopped out. If you look at the pullback from the high, it is not what I would classify as textbook or orderly. Price bounced around the retracement zone with narrow-range bars, most of them with upper and lower tails (doji, represents indecision), with no real sign of strength after the 3rd bar which was weak/red and had a real body that offset the 2nd bar. For comparison purposes, look at the pullbacks in MCP and MTL...if you study all three, I think the differences will stand out.
I don't have time to post the charts, but will do so over the weekend. All are 5-minute, with the Fibonacci lines plotted over the opening range low to high.
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