Analysis: After continuation of downtrend and breaking down support area of $81, price found support at $52. Parabolic move into support turned resistance. Grave stone doji in resistance is our entry.
Entry: 77
target: 57
stop loss: 98
Entry: 77
target: 57
stop loss: 98
Note
Stop loss updated to $75.50Note
Stop loss adjusted to $68Note
Stop loss adjusted to $60Trade closed: target reached
Stopped at $60. 22% gain on the short
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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.