After breaking and retesting this long term down trend, Im long longterm, however my trailing stop got hit so Ill be looking to re-enter at the following areas. Leaning more towards the red pull back, seeing that that is the nearest area of support and last broken structure..
Comment:
Price broke well below expected support, however a price lost downward momentum on the initial broken structure which is also the daily 20EMA (midline of BB). Once price can continue to show HH/HL patterns I will ladder in entries.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
