IF the price retraces to level 1 THEN i'll look for an entry to go short, IF the trade is successful THEN i'll take profit and look for a long opportunity on level 2, IF i don't get an entry or i get stopped out on that trade and the price breaks support THEN i'll look for a retracement to that level 2 and an opportunity to join the downtrend in another trend continuation move.
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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.