I found WAG on my daily climatic short list watch and saw that it was starting to roll over this afternoon. As the market finally decided to sell off this afternoon, I was willing to take a failed buy pattern short in WAG. I lowered the share size so that I could use the high of the day as my stop. As soon as I shorted WAG price action began to rally, but my guts told me that price would make a lower high and WAG would continue lower. Price rolled back down after hitting the declining 20 ma on the 5 minute chart well below my stop. Price started to move down nicely but never got to my first target at .44 cents and after 3 red bars down, price rallied and took out the high of the last 3rd bar down. It was getting late in the day so I exited my trade with a small gain…
wag