Let's keep it simple. Get below the red line I'm short, and expect much lower. We get above the green line and I'm long expecting new yearly highs. I don't mind a little fake-out below the red line and very quick reclaim, however, anytime we get below red I will be shorting- to me getting back into the old range is very bearish and we should not be doing it if the price wants to continue up
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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.