It broke the support level , wait for pullback and sell down to the desired target.
Note : this is a countertrend trade as the main trend is still bullish so make sure you know what to do , able to stomach the risk else skip this trade.
Note : this is a countertrend trade as the main trend is still bullish so make sure you know what to do , able to stomach the risk else skip this trade.
Note
Selling ceased as it rebounds back strongly and has broken out of the bearish trend line (draw your trend line from 8 jan at peak , touching 11 Jan and ending at 14 Jan)
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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.