I didn't even use 3C in calling a Crazy Ivan, THIS is how predictable this market has become. The minute the limit orders would have been hit above the channel, the Crazy Ivan was complete and reversed back down. Please put this lesson in your tool box, it goes against almost everything every technical analysis book teaches and that's exactly WHY it works. You just were witness to a market event that proves how the market TRULY works and you just saw a bunch of technical traders suckered in and left holding the bag.
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