Update on our Trade of the Year

Although we did hit our technical stop loss for the trade idea I posted, we can continue to look at this as a higher time frame liquidity build with a likely bullish "falling wedge" forming to allow for the HTF gap to fill and demand to be mitigated.

The algorithms of purple (stronger) and teal (tapered) are going to battle it out...

Let's look to see increased volume as we approach this $3.73 level and wait for confirmation with a breakout of purple.

At that 3.75 point, I'd need to see a real reaction when hit in order to believe that's the case and begin to enter another trade.

Happy Trading :)