CMG was a WOR B&B pattern with an obvious red flag - extremely wide gap (7%). With red flags I reduce my share size accordingly. Price quickly took off in my favor and when I was up almost 2 pts. I took a partial. My target was the 38% Fibonacci extension, but unfortunately I was stopped out during the midday swoon and missed that huge move in the afternoon. By exception, I'm using the 10 minute timeframe popularized by Victoria.
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