6E 5 Minute Trade Review & Second Entry Opportunity Preview

On the 15-minute, I identified a range and a HWB (Half Way Back) that had the potential to hit both the bottom of the range and the profit target. There is also a wedge that has formed.

The daily is also at the bottom of a channel and triggered HWB 8 days ago. The only issue on the daily is that there is a lot of choppiness since reaching that HWB.

Entered a H2 after profit takers and buyers came in strong on the 5 minute. Second entry will be at the HWB

Comment:

Half way back continuation was hit to the downside on the 15 minute. I will not trade the long HWB unless this is broken (past the 618 short line).