Using the XABCD Pattern, we can distinguish our 5 leg movement, which the last leg movement will begin at point D to complete the pattern. Rejection on the Supporting Trendline will gives us a fantastic opportunity to go long, so we can take an advantage of going long on the price rejection level with a Limit Order, Applying Risk Management.
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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.