Break of Monthly Down Trend - BUY Setup
Updated
Broke upper trend line of monthly downtrend, looking to buy after consolidation.
Note
A perfect example of why we don't just buy or sell the breakout, but always wait for the consolidation and continuation pattern for that extra confirmation.
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.