I saw this formation in TNA and decided to take it long. I was early with it (aka, wrong) but held on while not adding to the losing position. I clearly was faked out by the 1:05pm near-doji candle accompanied by increased volume as compared to the surrounding candles.; thought it was an immediate reversal signal.
However, I was rewarded for my patience 20 mins later, selling at the top of the 1:30 candle for a gain. No time to sit here though, as a 2:30pm day-job appointment is approaching. Good trading to you all.
