From Gene, posted in comments...a solid short trade from today:
"SOHU was a nice short today off a break of the 6th bar low. I would have liked for that bar to be red, but it left an upper tail at resistance from the 8EMA and the 38.2% retracement of the opening range. I held it until it reached the Fibonacci extension, which was most of the day. But it was a big winner for me and a great way to start the week."
"Oh, 5-minute chart. And this to me is like the classic X setup but short instead of long - gap, pullback to retracement zone, then move to the Fibonacci extension."
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