This is an interesting chart from this AM..one where price moves pretty quickly through both the fib and pivot...
The little X on the 5min chart shows where this blows through the indies/potential setup.
Couple things with this setup that I see reason to stay out of...
a) price was consolidating and then made a move out of a recent 'box' after showing LH LL
b) time-pushing NY lunch hour.
there may be others reasons...I know others out there trade these bounces and quick reversals. Comments/thoughts welcome.
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