We just broke out of a flag continuation pattern so I added to my longs.
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The rationale behind this trade is that if we look at previous highs on a larger time frame, you can see long shadows on the candlesticks. This time however, the market was able to hold inside of this zone of previous shadows and even accumulate at the highs. To me this signals that there is a chance that we will make higher highs. But, this is a risky place to be at and should price come down from the present structure, we will see much lower prices and I will start shorting. But for now, I think this is a buy with minimum risk.
