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In today’s webinar we take a look at MNK on the 5 minute chart. We see that it has formed a nice bull pole with a clear level of resistance. We do see a picture perfect wolf form at this level of resistance. This could change your trade plan so now it’s a choice of going long, going short, or not trading it. After the community sets up their trades, we see that the next candle is indeed a pullback. Clay then discusses the importance of thinking of the traders on the other side of your trade. You need to imagine how the longs feel as that wolf candle forms and what they will logically do. While we wouldn’t classify this as a home run, it is an example of a great trade plan. It is wise to look at the perspectives of both sides and position yourself to take advantage of the side that is most likely to capitulate.