OMG not quite
I: Price has broken major trend-line, rallied back above and come back for a retest.
P: Price will find support and head back towards the major trendline before resistance is found
D: Get a good price to increase R/R
E: we got a small rally and I kept my stops in place.
RFE: Retesting trend-line after finding support
Lesson:
The trend is your friend. Don't go against it.
No real Bull confirmation here. Just wishing for a rally. - Don't wish!
P: Price will find support and head back towards the major trendline before resistance is found
D: Get a good price to increase R/R
E: we got a small rally and I kept my stops in place.
RFE: Retesting trend-line after finding support
Lesson:
The trend is your friend. Don't go against it.
No real Bull confirmation here. Just wishing for a rally. - Don't wish!
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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.