Continuation on my last post. We are closely observing price to test the area for the second time completing our 3 point drive into an area of support. A move conservative approach would be to wait for price to break that descending trend-line and a retest and then go long. Target 2015.
Trade closed: stop reached
Price never broke the trend line hence conservative entry into trade not triggered, bears too strong and broke through support.
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.