Below the Lower-Medianline-Parallel, the Water is fine! ,..you think?
Maybe, but there's a Shark waiting for you. He's Name is "FOMO"!
If you waited for a retest of the L-MLH, then you wasted your time. Here is how you trade a open/close below the L-MLH:
- short immediately with a money Stop/Loss or - wait for a re-test of the L-MLH, and short from there on obvious weakness. Put your Stop behind the re-test high.
But don't jump in the mouth of the "FOMO" Shark!
I added the Members material on my website. Check it out, it's free for all, but you must be a brave Trader §8-)
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