On Daily,
price broke through Monthly trendline (Red Trendline) but stopped short from matching previous Lower-Low.
On 1H,
we can see that price was rejected as soon as it hit the Blue Daily trendline and bounced off.
In my opinion, we should wait until it hit the Daily Blue trend line or make a Double Down formationand tyhen go for short Bullish reversal.
price broke through Monthly trendline (Red Trendline) but stopped short from matching previous Lower-Low.
On 1H,
we can see that price was rejected as soon as it hit the Blue Daily trendline and bounced off.
In my opinion, we should wait until it hit the Daily Blue trend line or make a Double Down formationand tyhen go for short Bullish reversal.
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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.
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.