Support/Resistance was broken. Price pulled back but wasn't able to break the resistance. Second leg down broke the daily support/resistance of 24/25 8-2015. Again price pulled back.
Second leg is longer than first leg so expect a third leg that tests the previous low of the second leg.
Monitor target for exit signs, else close 50% and let the rest run.
Second leg is longer than first leg so expect a third leg that tests the previous low of the second leg.
Monitor target for exit signs, else close 50% and let the rest run.
Note
I entered at 37.83Trade closed: target reached
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.
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.