So, I'm happy to report that "fool" I am not, although it was touch-n-go for a minute there..
I very nearly repeated the exact same mistake made on BIGTOE; calling the reversal too soon..
So, like any self-respecting politician, I'm doing a 180 turn and reversing the most recent call I made on AUCTION.
It's on it's 3rd run which should then be followed by the continuation retracement, so I apologise for the confusion, but you'll have to turn that puppy around or it won't be pretty.
The good news is that I have a clear and reasonably certain target to give you, and reversing the position right away will recover any losses and then some.
Here's the trade:
Entry from current level: $44.95
TP / Exit (Short entry) : $59.50
This should be a quick run, so don't spend time deliberating and second-guessing this update, I've already completed that exercise and these are the results.
At the top of this run, you can set a short ~$60.00, which is guaranteed to make your day.
Let me know if you need additional guidance or assistance.
Go! Do it..