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Catching Big Waves - a trader's journal of surfing the the markets
The obvious support is still down around 104.50, and I would look for a buy there. But there is a minor DPTL in this area, and I wanted to get back to being flat. Net positive.
When I exitted the last trade, it was because I did not feel right shorting into major support. The 5500 volume bar above shows that buyers were certainly there and ready, but the movement after has so far been a spike bottom and hard to get into. I am wanting to take a long trade but the buyers are not letting go.
