If the price break out a potential Head-shoulder bottom pattern's neck line,
it will be a good opportunity to buy after the price retest the neck line.
Trade closed: stop reached
The price failed to break out a short term down trend line.That's a weakness signal of demand.
No need to add more long position.
My tentative long position stopped by the sharp price shock.
The price fall back into a balance point of a box.
The supply pressure here increased.
I will wait for more signals.
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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.