Step 1 : draw diagonal trend line and noticed price action breaks down the bullish line
Step 2 : Find the first support level , it does not have to 100% precise, the place where most candles sit on it is OK.
Step 3 : Find the 2nd support level, if available, if not Step 2 may suffice
Step 4 : Place your short position with appropriate SL.
Best of luck
Step 2 : Find the first support level , it does not have to 100% precise, the place where most candles sit on it is OK.
Step 3 : Find the 2nd support level, if available, if not Step 2 may suffice
Step 4 : Place your short position with appropriate SL.
Best of luck
Note
once the price close back into the bullish trend line, selling stops or your Sl should be triggered.
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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.
Related publications
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.