Pros
Cons
Strategy
- Falling peaks/trooughs
- Break Support zone
- Broked trendline
- Follow downtrend
Cons
- Correction of 38/50 structural trenline long term
Strategy
- Buy at pullback
- 38/50 correction
- Pullback to the previous broken trend line
Note
It can be a pullback to the uptrend. On 4h timeframe, it can appear a double bottom.Trade closed: stop 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.