Looks like it is going to bounce here.
It looks like a new trendline is likely to form because the start of that trendline is a key POC level where the aggressive move up has started.
It looks like a new trendline is likely to form because the start of that trendline is a key POC level where the aggressive move up has started.
Note
Moved stop to BE because on reviewing this trade, it can very easily continue to the downside because of the big impulse rejection down^^ 15min timeframe
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.