We need to see yellow strong buying hold us to attempt another breakout of tapering up top. If we fail yellow, our next stop is magenta support which will be important for bullish price action to continue.
We will likely see this happen today - and if we do hold yellow and reject at tapered blue above, I will be taking shorts and expecting a gap down below yellow as we've seen in the past.
Happy Trading :)
We will likely see this happen today - and if we do hold yellow and reject at tapered blue above, I will be taking shorts and expecting a gap down below yellow as we've seen in the past.
Happy Trading :)
Trade active
We did in fact fail to hold yellow strong buying and that immediately triggered my puts. Took first profits at first magenta, holding the remainder as swings to lower magenta support
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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.